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

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Antero Midstream GP LP (AMGP - Free Report) 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 - Free Report) , 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

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EnLink Midstream Partners, LP (ENLK) - free report >>

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