Antero Midstream Partners (NYSE:AM) has been upgraded from Market Perform to Outperform in a statement by Wells Fargo earlier today.
- Updated: October 5, 2016
Wells Fargo has upgraded Antero Midstream Partners (NYSE:AM) from Market Perform to Outperform in a statement released on 10/05/2016.
Yesterday Antero Midstream Partners (NYSE:AM) traded -0.15% lower at $26.62. AM’s 50-day average is $26.70 and its two hundred day average is $25.26. With the last stock price up 5.23% relative to the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 282,765 shares of Antero Midstream Partners exchanged hands, down from an avg. volume of 345,709
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With a market capitalization of $0, Antero Midstream Partners has P/E ratio of 26.55 with a 52 week low of $17.00 and a one year high of $28.72 .
In addition to Wells Fargo reporting its target price, a total of 13 brokers have issued a research note on the stock. The consensus target price is $31.88 with zero equity analysts rating the company a strong buy, 0 brokerages rating the stock a buy, 0 brokers rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell.
Brief Synopsis On Antero Midstream Partners (NYSE:AM)
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets to service Antero's production. The Company operates in two segments: gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines and compressor stations that collect natural gas, natural gas liquids (NGLs) and oil from Antero's wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. Its water handling and treatment segment includes over two independent fresh water distribution systems that source and deliver fresh water from the Ohio River, regional waterways, and waste water services for well completion operations. These fresh water systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipelines.
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