Antero Midstream (NYSE:AM) Stock Rating Upgraded by Wells Fargo & Company

Antero Midstream (NYSE:AM – Get Rating) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a $13.00 price target on the pipeline company’s stock, up from their previous price target of $12.00. Wells Fargo & Company‘s price target would suggest a potential upside of 30.65% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Barclays cut shares of Antero Midstream from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $10.00 in a report on Wednesday, March 2nd. Citigroup increased their price objective on shares of Antero Midstream from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, January 25th. Finally, StockNews.com began coverage on shares of Antero Midstream in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.60.

NYSE:AM opened at $9.95 on Thursday. Antero Midstream has a fifty-two week low of $8.42 and a fifty-two week high of $11.71. The stock has a market capitalization of $4.75 billion, a P/E ratio of 14.42 and a beta of 2.88. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.74. The company’s 50-day simple moving average is $10.46 and its 200-day simple moving average is $10.31.

Antero Midstream (NYSE:AM – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Antero Midstream had a net margin of 36.92% and a return on equity of 17.55%. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, research analysts forecast that Antero Midstream will post 0.85 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of AM. Sugarloaf Wealth Management LLC raised its position in Antero Midstream by 235.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 3,844 shares of the pipeline company’s stock worth $37,000 after buying an additional 2,699 shares during the last quarter. Allworth Financial LP raised its position in Antero Midstream by 7,916.7% during the 1st quarter. Allworth Financial LP now owns 4,810 shares of the pipeline company’s stock worth $52,000 after buying an additional 4,750 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Antero Midstream during the 3rd quarter worth approximately $70,000. Geneos Wealth Management Inc. raised its position in Antero Midstream by 34.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,237 shares of the pipeline company’s stock worth $79,000 after buying an additional 2,100 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new position in Antero Midstream during the 4th quarter worth approximately $99,000. 54.03% of the stock is owned by institutional investors.

Antero Midstream Company Profile (Get Rating)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.

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