Antero Midstream GP LP (AMGP) Sees Large Increase in Short Interest
Antero Midstream GP LP (NYSE:AMGP) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,724,929 shares, an increase of 47.8% from the November 30th total of 1,166,877 shares. Based on an average daily volume of 660,850 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.4% of the company’s shares are short sold.
Shares of Antero Midstream GP (NYSE:AMGP) traded down $0.19 on Monday, reaching $21.83. The company’s stock had a trading volume of 685,322 shares, compared to its average volume of 1,020,534. Antero Midstream GP has a 12 month low of $16.62 and a 12 month high of $22.87.
Antero Midstream GP (NYSE:AMGP) last posted its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. The business had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. equities analysts anticipate that Antero Midstream GP will post 0.21 earnings per share for the current fiscal year.
AMGP has been the subject of a number of analyst reports. Zacks Investment Research lowered Antero Midstream GP from a “buy” rating to a “hold” rating in a report on Monday. Barclays lowered Antero Midstream GP from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $26.00 to $23.00 in a report on Wednesday, January 17th. Goldman Sachs Group upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, January 5th. Credit Suisse Group started coverage on Antero Midstream GP in a research note on Thursday, January 4th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Robert W. Baird set a $36.00 target price on Antero Midstream GP and gave the stock a “buy” rating in a research note on Monday, December 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.12.
Large investors have recently bought and sold shares of the company. Franklin Square Holdings L.P. grew its position in shares of Antero Midstream GP by 128.6% during the 3rd quarter. Franklin Square Holdings L.P. now owns 25,150 shares of the company’s stock valued at $515,000 after acquiring an additional 14,150 shares during the period. JPMorgan Chase & Co. acquired a new stake in Antero Midstream GP in the 2nd quarter worth about $462,000. Cadence Capital Management LLC acquired a new stake in Antero Midstream GP in the 3rd quarter worth about $1,413,000. Alyeska Investment Group L.P. boosted its holdings in Antero Midstream GP by 56.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock worth $36,846,000 after buying an additional 650,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Antero Midstream GP by 86.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 299,200 shares of the company’s stock worth $6,119,000 after buying an additional 138,334 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
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Antero Midstream GP Company Profile
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.
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