Antero Midstream GP (NYSE:AMGP) has been given a $36.00 price target by equities research analysts at Robert W. Baird in a research note issued on Monday. The brokerage presently has a “buy” rating on the stock. Robert W. Baird’s price target points to a potential upside of 91.59% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a research note on Tuesday, September 5th. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Goldman Sachs Group cut Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $23.00 in a research note on Friday, September 8th. Scotiabank restated a “hold” rating and set a $24.00 price target on shares of Antero Midstream GP in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co upgraded Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Antero Midstream GP currently has an average rating of “Buy” and an average target price of $26.56.
Antero Midstream GP (AMGP) traded up $0.24 on Monday, reaching $18.79. The company had a trading volume of 1,703,199 shares, compared to its average volume of 518,486. Antero Midstream GP has a 12-month low of $16.62 and a 12-month high of $22.87.
Institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its position in shares of Antero Midstream GP by 1,854.5% during the third quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after acquiring an additional 8,160 shares during the period. BNP Paribas Arbitrage SA purchased a new position in Antero Midstream GP in the third quarter valued at $220,000. Wells Fargo & Company MN purchased a new position in Antero Midstream GP in the second quarter valued at $255,000. CNH Partners LLC purchased a new position in Antero Midstream GP in the second quarter valued at $319,000. Finally, JPMorgan Chase & Co. purchased a new position in Antero Midstream GP in the second quarter valued at $462,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
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About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
