Antero Midstream Corporation (NYSE:AM) Given Average Rating of “Hold” by Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.1667.

A number of equities analysts have recently commented on AM shares. Morgan Stanley raised their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Wall Street Zen cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Zacks Research upgraded shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 23rd.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at $1,277,420.98. The trade was a 6.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors and hedge funds have recently modified their holdings of AM. Vanguard Group Inc. increased its stake in shares of Antero Midstream by 0.3% in the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock worth $723,424,000 after acquiring an additional 124,102 shares during the period. Dimensional Fund Advisors LP increased its holdings in Antero Midstream by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock worth $179,316,000 after acquiring an additional 71,606 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Antero Midstream by 22.3% during the third quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after purchasing an additional 1,430,138 shares in the last quarter. Norges Bank purchased a new position in shares of Antero Midstream in the second quarter valued at approximately $80,504,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Down 0.1%

NYSE:AM opened at $17.32 on Friday. Antero Midstream has a twelve month low of $15.07 and a twelve month high of $19.82. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 17.67 and a beta of 0.80. The stock has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts anticipate that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.