Large Outflow of Money Witnessed in Antero Midstream Partners LP

Shares of Antero Midstream Partners LP (NYSE:AM) advanced to $25.35. The price had gained 4.41% or 1.07 points intraday. The latest trading session witnessed $7.34 million in upticks and $9.38 million in downticks, resulting in net money flow of (-2.04) million. The up/down ratio for the day stood at 0.78. On a weekly scale, the price has seen a change of 2.38%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.88) million occurred during the day. $0 million in uptick and $1.88 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 7.91% of Antero Midstream Partners LP shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.52% . Institutional Investors own 68.26% of Antero Midstream Partners LP shares. During last six month period, the net percent change held by insiders has seen a change of -19.52%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (See Remarks) of Antero Midstream Partners Lp, Kennedy Michael N. had sold 2,335 shares worth of $58,492 in a transaction dated May 5, 2016. In this transaction, 2,335 shares were sold at $25.05 per share.

Antero Midstream Partners LP (NYSE:AM) : On Monday heightened volatility was witnessed in Antero Midstream Partners LP (NYSE:AM) which led to swings in the share price. The stock opened for trading at $25.38 and hit $26.001 on the upside , eventually ending the session at $25.86, with a gain of 2.01% or 0.51 points. The heightened volatility saw the trading volume jump to 860,636 shares. The 52-week high of the share price is $29.55 and the company has a market cap of $4,556 million. The 52-week low of the share price is at $16.47 .

Many analysts have stated their opinion on the company shares. Baird upgrades their rating on the shares of Antero Midstream Partners LP (NYSE:AM). The current rating of the shares is Outperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 9, 2016.

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets. The Companys assets consist of gathering pipelines and compressor stations, through which the Company provides midstream services to Antero under. The Companys assets are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. The Company also provides condensate gathering services to Antero under the gathering and compression agreement.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.