Antero Midstream Partners LP (AM) Raised to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Antero Midstream Partners LP (NYSE:AM) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $23.00 target price on the pipeline company’s stock.

A number of other research analysts have also weighed in on AM. BidaskClub lowered Antero Midstream Partners from a hold rating to a sell rating in a research report on Friday, August 11th. Mitsubishi UFJ Financial Group began coverage on Antero Midstream Partners in a research report on Monday, May 29th. They set a buy rating and a $30.00 price objective for the company. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the company a buy rating in a research report on Saturday, July 22nd. Credit Suisse Group began coverage on Antero Midstream Partners in a research report on Tuesday, May 30th. They set an outperform rating and a $44.00 price objective for the company. Finally, Zacks Investment Research lowered Antero Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $38.18.

Shares of Antero Midstream Partners (NYSE AM) opened at 31.31 on Tuesday. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.27 and a beta of 1.96. The firm’s 50-day moving average price is $33.33 and its 200 day moving average price is $33.67. Antero Midstream Partners has a 52 week low of $24.61 and a 52 week high of $35.74.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Thursday, August 3rd were given a $0.32 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $1.28 annualized dividend and a yield of 4.09%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. raised its position in Antero Midstream Partners by 2.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,890,510 shares of the pipeline company’s stock valued at $294,987,000 after buying an additional 212,003 shares in the last quarter. Alps Advisors Inc. raised its position in Antero Midstream Partners by 3.6% in the second quarter. Alps Advisors Inc. now owns 5,631,289 shares of the pipeline company’s stock valued at $186,846,000 after buying an additional 197,826 shares in the last quarter. Neuberger Berman Group LLC raised its position in Antero Midstream Partners by 1.1% in the second quarter. Neuberger Berman Group LLC now owns 5,358,560 shares of the pipeline company’s stock valued at $177,797,000 after buying an additional 56,646 shares in the last quarter. Chickasaw Capital Management LLC raised its position 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 in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position 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 in the last quarter. Institutional investors own 46.80% 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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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