Stifel Nicolaus Upgrades Antero Midstream Partners LP to Buy

Brokerage firm Stifel Nicolaus Upgrades its rating on Antero Midstream Partners LP(NYSE:AM). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Stifel Nicolaus was issued on Jun 16, 2016.

In a different note, On Jun 9, 2016, Baird said it Upgrades its rating on Antero Midstream Partners LP. The shares have been rated ‘Outperform’ by the firm. 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.

Antero Midstream Partners LP (AM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.58% or 0.15 points. Due to strong positive momentum, the stock ended at $26.06, which is also near the day’s high of $26.27. The stock began the session at $25.72 and the volume stood at 4,49,808 shares. The 52-week high of the shares is $29.38 and the 52 week low is $16.47. The company has a current market capitalization of $4,591 M and it has 17,61,71,690 shares in outstanding.

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 Jun 14, 2016, Michael N. Kennedy (officer ) sold 13,274 shares at $25.65 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *