Antero Midstream Partners LP (NYSE:AM) has climbed 3.04% in the past week and advanced 6.87% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.27% and the outperformance has advanced to 5.9% for the last 4 weeks period.
Antero Midstream Partners LP (NYSE:AM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.33 and $25.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.12, notching a gain of 3.57% for the day. The total traded volume was 1,857,121 . The stock had closed at $25.22 on the previous day.
The company shares have dropped -9.24% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $29.38 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $24.59 and the 200 Day Moving Average price is recorded at $22.27.
On the companys insider trading activities, The officer (See Remarks), of Antero Midstream Partners Lp, Kennedy Michael N. had unloaded 13,274 shares at $25.65 per share in a transaction on June 13, 2016. The total value of transaction was $340,478. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Stifel Nicolaus, upgrades their rating on the shares of Antero Midstream Partners LP (NYSE:AM). Stifel Nicolaus has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house raises the price target to $19 per share. The rating by the firm was issued on June 16, 2016. 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%.
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.