The stock of Antero Midstream Partners LP (NYSE:AM) hit a new 52-week high and has $47.37 target or 65.00% above today’s $28.71 share price. The 7 months bullish chart indicates low risk for the $5.10 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $47.37 price target is reached, the company will be worth $3.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 110,994 shares traded hands. Antero Midstream Partners LP (NYSE:AM) has risen 16.56% since March 14, 2016 and is uptrending. It has outperformed by 10.94% the S&P500.
Analysts await Antero Midstream Partners LP (NYSE:AM) to report earnings on October, 26. They expect $0.28 EPS, up 21.74% or $0.05 from last year’s $0.23 per share. AM’s profit will be $49.74M for 25.63 P/E if the $0.28 EPS becomes a reality. After $0.27 actual EPS reported by Antero Midstream Partners LP for the previous quarter, Wall Street now forecasts 3.70% EPS growth.
Antero Midstream Partners LP (NYSE:AM) Ratings Coverage
Out of 11 analysts covering Antero Midstream Partners LP (NYSE:AM), 11 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $37 is the highest target while $19 is the lowest. The $30.25 average target is 5.36% above today’s ($28.71) stock price. Antero Midstream Partners LP has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by Ladenburg Thalmann with “Buy” on Wednesday, September 2. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, September 7. The rating was downgraded by Robert W. Baird on Monday, February 8 to “Neutral”. Stifel Nicolaus upgraded Antero Midstream Partners LP (NYSE:AM) on Thursday, June 16 to “Buy” rating. The firm has “Neutral” rating by Credit Suisse given on Friday, July 31. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, March 17. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, March 17. The stock of Antero Midstream Partners LP (NYSE:AM) has “Outperform” rating given on Friday, April 29 by Credit Suisse. The company was initiated on Thursday, July 23 by DA Davidson. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, October 5 report.
According to Zacks Investment Research, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado.”
Insitutional Activity: The institutional sentiment increased to 1.58 in 2016 Q2. Its up 0.13, from 1.45 in 2016Q1. The ratio is positive, as 12 funds sold all Antero Midstream Partners LP shares owned while 19 reduced positions. 17 funds bought stakes while 32 increased positions. They now own 62.81 million shares or 6.04% less from 66.84 million shares in 2016Q1.
The Illinois-based Driehaus Cap Mgmt Limited Liability Co has invested 0.11% in Antero Midstream Partners LP (NYSE:AM). Diversified Trust last reported 0.08% of its portfolio in the stock. Fort Washington Advsr Oh accumulated 70,000 shares or 0.04% of the stock. Tph Asset Mgmt Ltd Limited Liability Company, a Texas-based fund reported 760,194 shares. Pathstone Family Office Ltd Liability Com holds 0.03% or 1,000 shares in its portfolio. Alps Advsrs, a Colorado-based fund reported 4.18 million shares. Neuberger Berman Group Limited Liability Company owns 3.41 million shares or 0.13% of their US portfolio. Moreover, Liberty Mutual Group Asset Mgmt has 0.16% invested in Antero Midstream Partners LP (NYSE:AM) for 159,520 shares. Signaturefd Limited Liability Corporation last reported 0.04% of its portfolio in the stock. Pinnacle Holdings Limited Liability Corp holds 103,700 shares or 0% of its portfolio. Bessemer Gru Inc holds 0% or 1,363 shares in its portfolio. Moreover, Virtu Fincl Lc has 0.09% invested in Antero Midstream Partners LP (NYSE:AM) for 24,003 shares. Enterprise Service holds 0.01% of its portfolio in Antero Midstream Partners LP (NYSE:AM) for 834 shares. Moreover, Glenmede Tru Com Na has 0.01% invested in Antero Midstream Partners LP (NYSE:AM) for 59,875 shares. Duff And Phelps Mngmt reported 563,200 shares or 0.23% of all its holdings.
More notable recent Antero Midstream Partners LP (NYSE:AM) news were published by: Prnewswire.com which released: “Antero Midstream Announces Increased Quarterly Distribution and Third Quarter …” on October 12, 2016, also Marketwatch.com with their article: “Antero Midstream Partners LP” published on December 21, 2009, Moodys.com published: “Moody’s Publishes Covenant Quality Assessment for Antero Midstream Partners LP …” on September 10, 2016. More interesting news about Antero Midstream Partners LP (NYSE:AM) were released by: Prnewswire.com and their article: “Antero Midstream Partners LP Announces Increased Quarterly Distribution and …” published on January 13, 2016 as well as Prnewswire.com‘s news article titled: “Antero Midstream Partners LP Announces 2016 Capital Budget and Guidance” with publication date: February 17, 2016.
AM Company Profile
Antero Midstream Partners LP, incorporated on October 23, 2013, is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets to service Antero’s production. The Company’s activities are located in the United States and are organized into two divisions: gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines and compressor stations that collect natural gas, natural gas liquids (NGLs) and oil from Antero’s wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The Company’s water handling and treatment segment includes over two independent fresh water distribution systems that source and deliver fresh water from the Ohio River, several regional waterways, and waste water services for well completion activities in Antero’s operating areas. These fresh water systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipelines. The waste water services consist of waste water transportation, disposal, and treatment, including a water treatment facility, which is under construction.
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