Antero Midstream Partners LP (NYSE:AM) – Equities research analysts at Mitsubishi UFJ Financial Group decreased their FY2018 earnings estimates for shares of Antero Midstream Partners in a research note issued on Wednesday, January 9th. Mitsubishi UFJ Financial Group analyst B. Blaschke now expects that the pipeline company will earn $1.72 per share for the year, down from their prior estimate of $1.75. Mitsubishi UFJ Financial Group also issued estimates for Antero Midstream Partners’ Q4 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $1.95 EPS.
A number of other equities research analysts have also recently commented on the stock. Robert W. Baird set a $49.00 price objective on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Wednesday, October 10th. Stifel Nicolaus cut shares of Antero Midstream Partners from a “buy” rating to a “hold” rating and lowered their price objective for the company from $35.00 to $33.00 in a research note on Tuesday, October 16th. Raymond James reissued a “market perform” rating on shares of Antero Midstream Partners in a research note on Wednesday, October 10th. ValuEngine raised shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Wells Fargo & Co increased their price objective on shares of Antero Midstream Partners from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.35.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Antero Midstream Partners had a net margin of 32.54% and a return on equity of 21.74%. The business had revenue of $266.21 million for the quarter, compared to analysts’ expectations of $247.91 million.
Several institutional investors have recently added to or reduced their stakes in the business. Arlington Partners LLC acquired a new stake in shares of Antero Midstream Partners during the 4th quarter worth about $150,000. Cohen & Steers Inc. boosted its stake in shares of Antero Midstream Partners by 16.7% during the 3rd quarter. Cohen & Steers Inc. now owns 372,016 shares of the pipeline company’s stock worth $10,662,000 after purchasing an additional 53,205 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Antero Midstream Partners by 1.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,350,076 shares of the pipeline company’s stock worth $38,693,000 after purchasing an additional 23,000 shares during the last quarter. Pennant Investors LP acquired a new stake in shares of Antero Midstream Partners during the 3rd quarter worth about $11,464,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Antero Midstream Partners during the 3rd quarter worth about $2,837,000. 49.60% of the stock is currently owned by institutional investors.
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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