Analyst ratings for Antero Midstream Partners
All the analysts covering Antero Midstream Partners (AM) have rated it a “buy.” The MLP has no “hold” or “sell” recommendations. AM is the only constituent of the Alerain MLP ETF (AMLP) that has “buy” ratings from 100% of its analysts. Moreover, the partnership hasn’t seen any major rating updates in recent months despite the significant volatility in crude oil and natural gas prices. That might reflect AM’s 100% strong fee-based cash flows backed by long-term take-or-pay contracts.
AM’s target price
AM is currently trading below the low range ($38) of analysts’ target price. That could be attributed to the recent correction in the stock and the midstream sector in general. AM’s average target price of $41.50 implies a 30.1% price return from its current price levels.
AM’s general partner, Antero Midstream GP (AMGP), has “buy” ratings from 78.6% of the analysts covering the stock, while the remaining 21.4% rate it a “hold.” AM’s peers Cone Midstream Partners (CNNX) and EQT Midstream Partners (EQM) have “buy” ratings from 63.6% and 87.5% of analysts, respectively, surveyed by Reuters. About 58.3% of analysts rate Rice Midstream Partners (RMP) a “hold.”
For more analyses on MLPs, you can refer to our Master Limited Partnerships page.