Antero Midstream Co. (NYSE:AM) Receives $11.50 Average Price Target from Analysts

Antero Midstream Co. (NYSE:AMGet Rating) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.50.

AM has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Antero Midstream in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays boosted their price objective on shares of Antero Midstream from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 19th. TheStreet upgraded shares of Antero Midstream from a “c” rating to a “b-” rating in a research note on Monday, November 28th. Finally, Morgan Stanley boosted their price objective on shares of Antero Midstream from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd lifted its holdings in shares of Antero Midstream by 2,155.9% during the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 2,199 shares during the period. Parkwood LLC raised its stake in shares of Antero Midstream by 82.9% during the second quarter. Parkwood LLC now owns 27,103 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 12,281 shares during the last quarter. Castle Wealth Management LLC bought a new position in shares of Antero Midstream during the third quarter valued at $28,000. CWM LLC raised its stake in shares of Antero Midstream by 138.5% during the second quarter. CWM LLC now owns 3,384 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,965 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of Antero Midstream during the fourth quarter worth $31,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $11.21 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $5.36 billion, a P/E ratio of 16.73 and a beta of 2.42. The firm has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $10.24. Antero Midstream has a fifty-two week low of $8.56 and a fifty-two week high of $11.61.

Antero Midstream (NYSE:AMGet Rating) last released its earnings results on Wednesday, October 26th. The pipeline company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Antero Midstream had a net margin of 35.99% and a return on equity of 16.88%. The firm had revenue of $231.03 million during the quarter, compared to analyst estimates of $241.91 million. During the same quarter in the previous year, the business earned $0.22 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Antero Midstream will post 0.7 earnings per share for the current fiscal year.

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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