Time New York: Thu 18 Oct 23:29 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Antero Midstream (AMGP) Surges: Stock Moves 9.2% Higher

Zacks

Antero Midstream GP LP AMGP was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.64 to $17.80 in the past one-month time frame.

The move came after the company entered into a definitive agreement to acquire all outstanding common units held by Antero Resources, in a stock-and-cash transaction.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Antero Midstream currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.


Investors interested in the Oil and Gas – Production Pipeline – MLB industry may consider EnLink Midstream Partners, LP ENLK, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AMGP going up? Or down? Predict to see what others think:Up or Down

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.