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Why Antero Midstream Looks Attractive amid Midstream Uncertainty

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Why Antero Midstream Looks Attractive amid Midstream Uncertainty PART 1 OF 11

Antero Midstream Is Outperforming AMLP: Here’s Why

Antero Midstream’s market performance

Antero Midstream Partners (AM), the MLP formed by Antero Resources (AR) to provide natural gas gathering and compression and water handling services, has gained 11.0% YTD (year-to-date). At the same time, the Alerian MLP ETF (AMLP), which comprises 25 midstream energy MLPs, has lost 3.3%. AM is outperforming AMLP by 1,430 basis points. This performance could be due to its stable cash flows while uncertainty prevails in the midstream sector due to volatility in commodity prices.

Bigger midstream companies, including Williams Companies (WMB), Kinder Morgan (KMI), and Enbridge (ENB), have lost 4.7%, 7.1%, and 7.5% YTD.

Antero Midstream Is Outperforming AMLP: Here’s Why

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AM’s peers Rice Midstream Partners (RMP) has gained 2.0% while Cone Midstream Partners (CNNX) and EQT Midstream Partners (EQM) have lost 9.6% and 3.0%, respectively, in 2017.

Antero Midstream’s moving averages

Antero Midstream is currently trading 2.0% above the 50-day SMA (simple moving average) and 10.7% above its 200-day SMA. This performance might indicate bullish sentiment. When a stock’s price exceeds a particular moving average, it’s a bullish sign and vice versa. When a stock’s shorter moving average crosses over its longer moving average, it’s considered a “buy” signal for the stock.

Further, in this series, we’ll analyze AM’s financial performance, key performance indicators, and leverage position. In later articles, we’ll look into AM’s valuations, commodity price exposure, and analyst projections.

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