Equities researchers at Credit Suisse Group started coverage on shares of Antero Midstream GP (NYSE:AMGP) in a research report issued on Thursday, The Fly reports. The firm set a “neutral” rating and a $20.00 price target on the stock. Credit Suisse Group’s price target would indicate a potential upside of 7.76% from the stock’s current price.

AMGP has been the topic of several other reports. ValuEngine downgraded shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Stifel Nicolaus raised shares of Antero Midstream GP to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, August 27th. Wells Fargo & Co lowered their price objective on shares of Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.73.

Shares of NYSE:AMGP opened at $18.56 on Thursday. Antero Midstream GP has a 12 month low of $14.85 and a 12 month high of $22.39. The firm has a market cap of $3.15 billion, a P/E ratio of 618.67 and a beta of 1.64.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $33.39 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Antero Midstream GP’s revenue was up 116.2% compared to the same quarter last year. Analysts predict that Antero Midstream GP will post 0.53 earnings per share for the current fiscal year.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $18.81, for a total value of $940,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total transaction of $83,800.00. The disclosure for this sale can be found here.

Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Antero Midstream GP by 407.3% in the first quarter. BlackRock Inc. now owns 276,718 shares of the company’s stock valued at $4,425,000 after purchasing an additional 222,173 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Antero Midstream GP in the second quarter valued at about $1,886,000. Sei Investments Co. lifted its stake in shares of Antero Midstream GP by 20.9% in the second quarter. Sei Investments Co. now owns 240,187 shares of the company’s stock valued at $4,530,000 after purchasing an additional 41,577 shares during the period. Northern Trust Corp lifted its stake in shares of Antero Midstream GP by 511.0% in the first quarter. Northern Trust Corp now owns 86,638 shares of the company’s stock valued at $1,385,000 after purchasing an additional 72,458 shares during the period. Finally, Global X Management Co LLC lifted its stake in shares of Antero Midstream GP by 2.5% in the second quarter. Global X Management Co LLC now owns 753,902 shares of the company’s stock valued at $14,219,000 after purchasing an additional 18,734 shares during the period. 76.67% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream GP

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

Featured Article: What is the S&P 500 Index?

The Fly

Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

Receive News & Ratings for Antero Midstream GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream GP and related companies with MarketBeat.com's FREE daily email newsletter.