Antero Midstream Partners LP (NYSE:AM) – Investment analysts at Capital One Financial cut their FY2018 EPS estimates for shares of Antero Midstream Partners in a report issued on Wednesday, January 9th. Capital One Financial analyst K. May now anticipates that the pipeline company will post earnings of $1.70 per share for the year, down from their previous estimate of $1.75. Capital One Financial also issued estimates for Antero Midstream Partners’ Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.55 EPS and FY2019 earnings at $2.16 EPS.
Several other equities analysts have also issued reports on AM. ValuEngine raised Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Raymond James reaffirmed a “market perform” rating on shares of Antero Midstream Partners in a research report on Wednesday, October 10th. Robert W. Baird set a $49.00 price target on Antero Midstream Partners and gave the company a “buy” rating in a research report on Wednesday, October 10th. Credit Suisse Group started coverage on Antero Midstream Partners in a research report on Thursday, October 11th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Barclays lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $33.00 to $36.00 in a research report on Friday, October 12th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.35.
Antero Midstream Partners (NYSE:AM) last posted its earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Antero Midstream Partners had a return on equity of 21.74% and a net margin of 32.54%. The firm had revenue of $266.21 million for the quarter, compared to analyst estimates of $247.91 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AM. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Antero Midstream Partners by 22.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock valued at $367,166,000 after acquiring an additional 2,333,845 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Antero Midstream Partners during the 3rd quarter worth approximately $37,139,000. Alps Advisors Inc. grew its stake in Antero Midstream Partners by 6.2% during the 3rd quarter. Alps Advisors Inc. now owns 7,746,014 shares of the pipeline company’s stock worth $222,001,000 after buying an additional 451,249 shares during the last quarter. Pennant Investors LP purchased a new position in Antero Midstream Partners during the 3rd quarter worth approximately $11,464,000. Finally, Kayne Anderson Capital Advisors LP grew its stake in Antero Midstream Partners by 59.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,068,447 shares of the pipeline company’s stock worth $30,611,000 after buying an additional 397,300 shares during the last quarter. Institutional investors and hedge funds own 49.60% of the company’s stock.
Antero Midstream Partners Company Profile
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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