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.
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
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