Baird Upgrades Antero Midstream Partners LP to Outperform

Brokerage firm Baird Upgrades its rating on Antero Midstream Partners LP(NYSE:AM). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Jun 9, 2016.

In a different note, On May 31, 2016, JP Morgan said it Maintains its rating on Antero Midstream Partners LP. In the research note, the firm RaisesT the price-target to $28.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 29, 2016, Credit Suisse said it Upgrades its rating on Antero Midstream Partners LP. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 30, 2016, JP Morgan said it Maintains its rating on Antero Midstream Partners LP. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 17, 2016, Credit Suisse said it Downgrades its rating on Antero Midstream Partners LP. The shares have been rated ‘Neutral’ by the firm. Stifel Nicolaus said it Initiates Coverage on Antero Midstream Partners LP, according to a research note issued on Mar 17, 2016. The shares have been rated ‘Hold’ by the firm.

Antero Midstream Partners LP (AM) shares turned negative on Wednesdays trading session with the shares closing down -1.13 points or -4.40% at a volume of 7,83,764. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.77. The peak price level was also seen at $25.77 while the days lowest was $24.55. Finally the shares closed at $24.55. The 52-week high of the shares is $29.55 while the 52-week low is $16.47. According to the latest information available, the market cap of the company is $4,325 M.

Antero Midstream Partners LP(AM) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $135.83M. Analysts had an estimated revenue of $116.58M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, Michael N. Kennedy (officer ) sold 2,335 shares at $25.05 per share price.

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero) to own operate and develop midstream energy assets. The Company’s assets consist of gathering pipelines and compressor stations through which the Company provides midstream services to Antero under. The Company’s 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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