29 Aug

Antero Midstream Partners: Analysts’ Estimates

WRITTEN BY Vincent Kruger FEATURED IN Company News, Insights, & Analysis

Antero Midstream Partners

According to Wall Street analysts’ estimates, Antero Midstream Partners (AM) has a median target price of $37.8—compared to its current market price of $30.4, which implies an estimated upside of more than 24% for the next year. Analysts seem to be very optimistic about Antero Midstream Partners. Among the 14 analysts covering the stock, eight recommended a “strong buy,” while six recommended a “buy.” None of the analysts recommended a “sell” or a “hold.”

JPMorgan Chase raised Antero Midstream Partners’ target price from $34.0 to $35.0 on August 27.

Antero Midstream Partners: Analysts’ Estimates

Strong throughput volumes across the segments contributed to Antero Midstream Partners’ healthy performance in the second quarter. The company’s earnings grew more than 26% in the second quarter compared to the same period last year. Recently, Antero Midstream Partners paid a distribution of $0.415 per unit, which represents a 30% increase compared to the same quarter last year and a 6.0% increase compared to the previous quarter. Based on the recent distribution, Antero Midstream Partners is trading at a distribution yield of 5.5%.

Peers’ target prices

Enbridge Energy Partners (EEP) has a median target price of $11.3—compared to its current market price of $11.64, which indicates a downside of 3% going forward.

Genesis Energy (GEL) offers a potential upside of 6.2% based on analysts’ median target price of $26.3. Currently, Genesis Energy is trading at $24.8.

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