$0.41 EPS Expected for Antero Midstream Partners LP (AM) This Quarter

Equities research analysts expect Antero Midstream Partners LP (NYSE:AM) to announce $0.41 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Antero Midstream Partners’ earnings. The highest EPS estimate is $0.52 and the lowest is $0.36. Antero Midstream Partners posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.9%. The company is expected to announce its next quarterly earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Antero Midstream Partners will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.71. For the next financial year, analysts expect that the company will post earnings of $2.12 per share, with EPS estimates ranging from $1.46 to $2.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Antero Midstream Partners.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Monday, May 8th. The pipeline company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $174.77 million during the quarter, compared to analysts’ expectations of $184.45 million. Antero Midstream Partners had a net margin of 38.95% and a return on equity of 19.78%.

AM has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $40.00 price objective on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. TheStreet raised Antero Midstream Partners from a “c+” rating to a “b-” rating in a research note on Thursday, March 9th. Goldman Sachs Group, Inc. (The) initiated coverage on Antero Midstream Partners in a research note on Monday, May 29th. They issued a “buy” rating and a $45.00 price objective for the company. Barclays PLC reissued an “overweight” rating and issued a $40.00 price objective on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. Finally, Scotiabank set a $38.00 price objective on Antero Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, February 28th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Antero Midstream Partners has an average rating of “Buy” and a consensus target price of $39.20.

Shares of Antero Midstream Partners (NYSE AM) traded down 0.40% during mid-day trading on Tuesday, hitting $32.42. 678,506 shares of the company’s stock traded hands. The company has a market cap of $6.02 billion, a PE ratio of 23.87 and a beta of 1.96. Antero Midstream Partners has a 52 week low of $24.51 and a 52 week high of $35.74. The firm has a 50-day moving average of $33.96 and a 200 day moving average of $33.10.

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Several hedge funds have recently modified their holdings of the company. Spirit of America Management Corp NY increased its stake in shares of Antero Midstream Partners by 9.5% in the first quarter. Spirit of America Management Corp NY now owns 730,034 shares of the pipeline company’s stock worth $24,208,000 after buying an additional 63,510 shares during the period. Country Club Trust Company n.a. increased its stake in shares of Antero Midstream Partners by 1.0% in the first quarter. Country Club Trust Company n.a. now owns 11,590 shares of the pipeline company’s stock worth $385,000 after buying an additional 116 shares during the period. Creative Planning increased its stake in shares of Antero Midstream Partners by 5.7% in the first quarter. Creative Planning now owns 10,145 shares of the pipeline company’s stock worth $336,000 after buying an additional 551 shares during the period. FFT Wealth Management LLC increased its stake in shares of Antero Midstream Partners by 69.5% in the fourth quarter. FFT Wealth Management LLC now owns 47,564 shares of the pipeline company’s stock worth $1,469,000 after buying an additional 19,502 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Antero Midstream Partners by 40.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,600 shares of the pipeline company’s stock worth $420,000 after buying an additional 3,919 shares during the period. 46.60% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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