Analyst Price Target Update on Antero Midstream Partners LP (NYSE:AM)

Antero Midstream Partners LP (NYSE:AM): The mean estimate for the short term price target for Antero Midstream Partners LP (NYSE:AM) stands at $32.1 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $38 while the lower price target estimate is at $25.

Many analysts have stated their opinion on the company shares. Baird upgrades their rating on the shares of Antero Midstream Partners LP (NYSE:AM). The current rating of the shares is Outperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (See Remarks) of Antero Midstream Partners Lp, Kennedy Michael N. had sold 2,335 shares worth of $58,492 in a transaction dated May 5, 2016. In this transaction, 2,335 shares were sold at $25.05 per share.

Antero Midstream Partners LP (NYSE:AM) : On Monday heightened volatility was witnessed in Antero Midstream Partners LP (NYSE:AM) which led to swings in the share price. The stock opened for trading at $25.38 and hit $26.001 on the upside , eventually ending the session at $25.86, with a gain of 2.01% or 0.51 points. The heightened volatility saw the trading volume jump to 860,636 shares. The 52-week high of the share price is $29.55 and the company has a market cap of $4,556 million. The 52-week low of the share price is at $16.47 .

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets. The Companys assets consist of gathering pipelines and compressor stations, through which the Company provides midstream services to Antero under. The Companys assets are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. The Company also provides condensate gathering services to Antero under the gathering and compression agreement.

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