Credit Suisse Group Initiates Coverage on Antero Midstream Partners (AM)

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Equities research analysts at Credit Suisse Group began coverage on shares of Antero Midstream Partners (NYSE:AM) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “neutral” rating and a $36.00 price target on the pipeline company’s stock. Credit Suisse Group’s target price points to a potential upside of 5.79% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Raymond James reissued a “market perform” rating on shares of Antero Midstream Partners in a research note on Wednesday. Robert W. Baird set a $49.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Antero Midstream Partners from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Stifel Nicolaus lowered Antero Midstream Partners from a “buy” rating to a “hold” rating and lowered their target price for the company from $37.00 to $35.00 in a research note on Thursday, August 2nd. Finally, Citigroup upped their price target on Antero Midstream Partners from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.86.

NYSE AM opened at $34.03 on Thursday. Antero Midstream Partners has a 1-year low of $24.20 and a 1-year high of $34.35. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $5.36 billion, a PE ratio of 24.31 and a beta of 1.78.

Antero Midstream Partners (NYSE:AM) last released its earnings results on Wednesday, August 1st. The pipeline company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Antero Midstream Partners had a net margin of 32.94% and a return on equity of 20.54%. The company had revenue of $250.98 million during the quarter, compared to the consensus estimate of $233.23 million. Equities research analysts forecast that Antero Midstream Partners will post 1.68 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AM. Tortoise Index Solutions LLC grew its position in shares of Antero Midstream Partners by 16.2% during the second quarter. Tortoise Index Solutions LLC now owns 13,282 shares of the pipeline company’s stock valued at $392,000 after purchasing an additional 1,855 shares in the last quarter. Keybank National Association OH grew its position in shares of Antero Midstream Partners by 16.1% during the second quarter. Keybank National Association OH now owns 15,493 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 2,143 shares in the last quarter. US Bancorp DE grew its position in shares of Antero Midstream Partners by 23.0% during the second quarter. US Bancorp DE now owns 12,778 shares of the pipeline company’s stock valued at $377,000 after purchasing an additional 2,387 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Antero Midstream Partners by 46.9% during the first quarter. California Public Employees Retirement System now owns 15,250 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 4,869 shares in the last quarter. Finally, Carnick & Kubik Group LLC grew its position in shares of Antero Midstream Partners by 39.3% during the second quarter. Carnick & Kubik Group LLC now owns 17,606 shares of the pipeline company’s stock valued at $520,000 after purchasing an additional 4,964 shares in the last quarter. 47.58% of the stock is owned by institutional investors and hedge funds.

About Antero Midstream Partners

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

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