Antero Midstream Partners
Antero Midstream Partners (AM) has a median target price of $38.0—compared to its current market price of $26.90, which indicates a potential upside of 41.30% for the next 12 months.
Among the ten analysts surveyed by Reuters tracking Antero Midstream Partners, three recommended a “strong buy,” two recommended a “buy,” and five recommended a “hold.” There weren’t any “sell” recommendations.
The above chart shows the comparative stock price movement of Antero Midstream Partners and Alerian MLP ETF (AMLP) along with broader markets. Antero Midstream Partners has fallen 7% in 2018 outperformed its peers.
Another simplification transaction
In October, Antero Midstream GP (AMGP) agreed to buy its MLP subsidiary Antero Midstream Partners (AM). The sale included shares held by Antero Resources (AR). Antero Midstream GP joined the league of companies that have simplified their structures—a trend that has gained ground in the midstream space in recent years. Simplification transactions usually strengthen the balance sheet. The structure lowers the cost of equity capital due to eliminating IDRs.
Buckeye Partners (BPL) stock has a median target price of $36.25—compared to its current market price of $28.17, which implies an estimated upside of $29% going forward.