Antero Midstream Partners (NYSE: AM) received a Buy rating and a $35 price target from Stifel Nicolaus analyst Timothy Howard today. The company’s shares closed yesterday at $30.37.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -1.0% and a 60.0% success rate. Howard covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, Black Stone Minerals, and Dominion Midstream.
Currently, the analyst consensus on Antero Midstream Partners is a Moderate Buy with an average price target of $36.50, representing a 20.2% upside. In a report issued on August 17, Raymond James also reiterated a Buy rating on the stock with a $38 price target.
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Based on Antero Midstream Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $76.32 million. In comparison, last year the company had a net profit of $71.85 million.
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Antero Midstream Partners LP owns, operates and develops midstream energy assets. The company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems, through which it provides midstream services to Antero Resources Corp. under long-term, fixed-fee contracts.
