Credit Suisse Believes Antero Midstream Partners (NYSE: AM) Still Has Room to Grow

By Austin Angelo

In a report released today, John Edwards from Credit Suisse reiterated a Buy rating on Antero Midstream Partners (NYSE: AM), with a price target of $44. The company’s shares opened today at $34.54, close to its 52-week high of $35.74.

According to, Edwards is a 3-star analyst with an average return of 2.8% and a 49.8% success rate. Edwards covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Calumet Specialty Products, and Enbridge Energy Management.

Currently, the analyst consensus on Antero Midstream Partners is Strong Buy and the average price target is $37.40, representing an 8.3% upside.

In a report issued on May 22, Scotiabank also maintained a Buy rating on the stock with a $44 price target.

The company has a one year high of $35.74 and a one year low of $24.07. Currently, Antero Midstream Partners has an average volume of 422.6K.

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Antero Midstream Partners LP owns, operates and develops midstream energy assets. The company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems, through which it provides midstream services to Antero Resources Corp. under long-term, fixed-fee contracts. It operates its business through the Gathering and Compression; and Water Handling and Treatment segments. The Gathering and Compression segment includes a network of gathering pipelines and compressor stations that collects natural gas from Antero’s operations in the Marcellus and Utica Shale. The Water Handling and Treatment segment includes two independent fresh water distribution systems that distribute fresh water from the Ohio River and several other regional water sources for well completion operations in Antero’s Marcellus and Utica Shale operating areas. These systems consist of permanent buried pipelines, portable surface pipelines and fresh water storage facilities, as well as pumping stations to transport the fresh water throughout the pipeline networks. The company was founded on September 23, 2013 and is headquartered in Denver, CO.