Morgan Stanley Starts Coverage on Antero Midstream Partners LP (AM)

Morgan Stanley Starts Coverage on Antero Midstream Partners LP (AM)

Research analysts at Morgan Stanley began coverage on shares of Antero Midstream Partners LP (NYSE:AM) in a research report issued on Tuesday. The firm set an “overweight” rating on the pipeline company’s stock.

A number of other analysts have also issued reports on AM. Credit Suisse Group AG began coverage on shares of Antero Midstream Partners in a research note on Tuesday. They set an “outperform” rating and a $44.00 target price for the company. Scotiabank set a $38.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, February 7th. Mitsubishi UFJ Financial Group began coverage on shares of Antero Midstream Partners in a research note on Monday. They set a “buy” rating and a $30.00 target price for the company. TheStreet raised shares of Antero Midstream Partners from a “c+” rating to a “b-” rating in a research note on Thursday, March 9th. Finally, Goldman Sachs Group Inc began coverage on shares of Antero Midstream Partners in a research note on Monday. They set a “buy” rating and a $29.00 target price for the company. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.89.

Shares of Antero Midstream Partners (NYSE:AM) traded up 0.93% on Tuesday, reaching $34.60. 41,206 shares of the company’s stock traded hands. The stock has a 50-day moving average of $33.67 and a 200 day moving average of $32.62. The firm has a market cap of $6.43 billion, a P/E ratio of 25.48 and a beta of 2.02. Antero Midstream Partners has a 12-month low of $24.07 and a 12-month high of $35.74.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Monday, May 8th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $174.77 million during the quarter, compared to analyst estimates of $184.45 million. Antero Midstream Partners had a net margin of 37.41% and a return on equity of 18.72%. On average, equities research analysts expect that Antero Midstream Partners will post $1.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, May 3rd were issued a $0.30 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Monday, May 1st. Antero Midstream Partners’s payout ratio is presently 98.25%.

Hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its stake in Antero Midstream Partners by 2.3% in the first quarter. Neuberger Berman Group LLC now owns 5,301,914 shares of the pipeline company’s stock valued at $175,811,000 after buying an additional 119,171 shares during the last quarter. Chickasaw Capital Management LLC increased its stake in Antero Midstream Partners by 1.0% in the first quarter. Chickasaw Capital Management LLC now owns 4,809,156 shares of the pipeline company’s stock valued at $159,472,000 after buying an additional 45,613 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in Antero Midstream Partners by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,700 shares of the pipeline company’s stock valued at $98,460,000 after buying an additional 697,000 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Antero Midstream Partners by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 1,921,960 shares of the pipeline company’s stock valued at $63,732,000 after buying an additional 643,340 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its stake in Antero Midstream Partners by 33.9% in the first quarter. Atlantic Trust Group LLC now owns 1,581,678 shares of the pipeline company’s stock valued at $52,448,000 after buying an additional 400,139 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.

About Antero Midstream Partners

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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