Antero Midstream (NYSE:AM) Rating Lowered to Hold at StockNews.com

Antero Midstream (NYSE:AM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Down 0.2 %

Shares of AM opened at $14.20 on Thursday. The business’s 50-day moving average price is $13.66 and its 200-day moving average price is $12.91. Antero Midstream has a twelve month low of $9.69 and a twelve month high of $14.52. The stock has a market cap of $6.81 billion, a PE ratio of 17.74 and a beta of 2.25. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $261.04 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Antero Midstream will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the sale, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by insiders.

Institutional Trading of Antero Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 919 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC purchased a new stake in shares of Antero Midstream during the first quarter valued at approximately $34,000. Parkside Financial Bank & Trust boosted its stake in shares of Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,930 shares during the period. Finally, Pacifica Partners Inc. purchased a new stake in shares of Antero Midstream during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.