Antero Midstream GP’s (AMGP) Hold Rating Reiterated at Scotiabank

Scotiabank reiterated their hold rating on shares of Antero Midstream GP LP (NASDAQ:AMGP) in a research note published on Wednesday morning. Scotiabank currently has a $24.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Morgan Stanley reiterated an overweight rating on shares of Antero Midstream GP in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) downgraded shares of Antero Midstream GP from a buy rating to a neutral rating and cut their price target for the company from $29.00 to $23.00 in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Antero Midstream GP from a sell rating to a hold rating in a report on Friday, September 8th. Robert W. Baird set a $28.00 price target on shares of Antero Midstream GP and gave the company a buy rating in a report on Friday, June 16th. Finally, Stifel Nicolaus upgraded shares of Antero Midstream GP from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Monday, August 14th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Antero Midstream GP currently has a consensus rating of Buy and a consensus target price of $26.27.

Shares of Antero Midstream GP (AMGP) opened at 20.07 on Wednesday. The company has a market capitalization of $3.74 billion and a PE ratio of 692.07. Antero Midstream GP has a 1-year low of $17.66 and a 1-year high of $27.74. The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $20.73.

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A number of large investors have recently modified their holdings of AMGP. Botty Investors LLC bought a new position in Antero Midstream GP in the 2nd quarter worth about $101,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP in the 2nd quarter worth about $255,000. Diversified Trust Co bought a new position in Antero Midstream GP in the 2nd quarter worth about $259,000. CNH Partners LLC bought a new position in Antero Midstream GP in the 2nd quarter worth about $319,000. Finally, JPMorgan Chase & Co. bought a new position in Antero Midstream GP in the 2nd quarter worth about $462,000.

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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