Antero Midstream GP LP (AMGP) Formed Head & Shoulders Pattern; Sellers Are Thriving

June 19, 2018 - By Richard Conner

The stock of Antero Midstream GP LP (AMGP) formed H&S with $16.81 target or 9.00 % below today’s $18.47 share price. The 9 months Head & Shoulders indicates high risk for the $3.44 billion company. It was reported on Jun, 19 by Faxor.com. If the $16.81 price target is reached, the company will be worth $309.51M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.65% or $0.12 during the last trading session, reaching $18.47. About 212,884 shares traded. Antero Midstream GP LP (NYSE:AMGP) has declined 17.45% since June 19, 2017 and is downtrending. It has underperformed by 30.02% the S&P500.

Analysts await Antero Midstream GP LP (NYSE:AMGP) to report earnings on August, 1. They expect $0.13 EPS, up 1,400.00 % or $0.14 from last year’s $-0.01 per share. AMGP’s profit will be $24.21 million for 35.52 P/E if the $0.13 EPS becomes a reality. After $0.07 actual EPS reported by Antero Midstream GP LP for the previous quarter, Wall Street now forecasts 85.71 % EPS growth.

Another recent and important Antero Midstream GP LP (NYSE:AMGP) news was published by Prnewswire.com which published an article titled: “Alerian Index Series June 2018 Index Review” on June 08, 2018.

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. The company has market cap of $3.44 billion. The Company’s assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts. It has a 152.64 P/E ratio. The firm was formerly known as Antero Resources Midstream Management LLC and changed its name to Antero Midstream GP LP in May 2017.

Antero Midstream GP LP (NYSE:AMGP) Ratings Chart

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