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

Antero Midstream (NYSE:AM) was downgraded by equities research 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. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their price target for the company 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.70.

Antero Midstream Stock Performance

NYSE:AM opened at $14.15 on Friday. The stock has a 50-day moving average price of $13.80 and a 200 day moving average price of $12.97. The stock has a market capitalization of $6.81 billion, a P/E ratio of 17.69 and a beta of 2.26. Antero Midstream has a 12-month low of $10.09 and a 12-month high of $14.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48.

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

Insider Buying and Selling at Antero Midstream

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

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC lifted its position in 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 acquiring an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,753 shares in the last quarter. MCF Advisors LLC acquired a new position in Antero Midstream during the 1st quarter valued at about $34,000. Parkside Financial Bank & Trust raised its stake in Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in Antero Midstream in the first quarter worth about $48,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

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.