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

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

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Performance

Shares of AM stock opened at $14.15 on Friday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.69 and a beta of 2.26. Antero Midstream has a one year low of $10.09 and a one year high of $14.52. The company’s 50-day simple moving average is $13.82 and its 200-day simple moving average is $12.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The firm had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same period in the prior year, the business earned $0.21 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Antero Midstream will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of the 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 transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

A number of institutional investors have recently made changes to their positions in AM. Semanteon Capital Management LP bought a new position in shares of Antero Midstream during the 4th quarter valued at about $164,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Antero Midstream by 4.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company’s stock worth $448,000 after acquiring an additional 1,741 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Antero Midstream in the third quarter valued at $2,183,000. Mackenzie Financial Corp lifted its stake in Antero Midstream by 146.9% in the 4th quarter. Mackenzie Financial Corp now owns 144,627 shares of the pipeline company’s stock worth $1,812,000 after acquiring an additional 86,048 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new position in Antero Midstream during the 4th quarter valued at about $1,226,000. 53.97% of the stock is owned by institutional investors and hedge funds.

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.