Antero Midstream Partners LP had 12 analyst reports since November 17, 2017 according to SRatingsIntel. Alps Advisors Inc sold 199,424 shares as the company's stock declined 17.74% with the market. Epoch Invest accumulated 0.43% or 1.83M shares.
The forecast of 5 surveyed investment analysts covering the stock advises investors to Buy stake in the company. LLC boosted its position in shares of Magellan Midstream Partners by 22.3% during the 4th quarter. Moreover, Tortoise Advsrs Llc has 1.98% invested in Antero Midstream Partners LP (NYSE:AM). Finally, SeaCrest Wealth Management LLC purchased a new position in Enable Midstream Partners in the 4th quarter worth about $117,000. 3 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. 1,006,021 shares of the company were exchanged, compared to its average volume of 1,064,020. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 2.79 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.38 and a current ratio of 0.63. Magellan Midstream Partners has a 12 month low of $54.82 and a 12 month high of $75.82.
Another recent and important Antero Midstream Partners LP (NYSE:AM) news was published by Globenewswire.com which published an article titled: "Research Report Identifies Antero Midstream Partners LP, Genesis Energy, NextEra Energy Partners, LP, Wabash ..." on April 20, 2018. Analysts predict 73.85 % diference or $-0.34 from the $-1.3 EPS from 2017. Magellan Midstream Partners had a net margin of 33.71% and a return on equity of 41.57%. The company had revenue of $305.74 million during the quarter, compared to the consensus estimate of $237.22 million. This could reach $72.90 million profit for AM assuming the current $0.39 EPS will become reality.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Sunday, August 5th will be issued a $0.9375 dividend. This represents a $3.75 annualized dividend and a dividend yield of 5.43%. 8 investors sold all, 17 reduced holdings as Summit Midstream Partners, LP ratio is positive.
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In related news, CEO Michael N. Mears sold 10,000 shares of Magellan Midstream Partners stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $68.00, for a total transaction of $680,000.00. With an institutional ownership near 0%, it carries an earnings per share ratio of -0.92. The shares were sold at an average price of $68.03, for a total value of $1,513,735.53. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $411,000. The disclosure for this sale can be found here.
Several equities research analysts have recently issued reports on the stock. Finally, Barclays lowered their target price on shares of Enable Midstream Partners from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, April 17th. Citigroup maintained the stock with "Buy" rating in Wednesday, March 28 report. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has "Hold" rating given on Friday, February 2 by Stifel Nicolaus. Royal Bank of Canada restated a "sector perform" rating and issued a $18.00 target price on shares of Enable Midstream Partners in a report on Wednesday, February 21st.
BP Midstream Partners LP owns, acquires, operates, and develops pipelines and other midstream assets. The firm operates in two divisions, Gathering and Processing, and Water Handling and Treatment. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.