Antero Midstream (NYSE:AM) Lowered to Hold Rating by Wall Street Zen

Antero Midstream (NYSE:AM) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Morgan Stanley boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Antero Midstream presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Antero Midstream Stock Down 1.1%

Shares of AM stock opened at $17.29 on Friday. Antero Midstream has a 1-year low of $14.22 and a 1-year high of $19.82. The stock’s fifty day moving average price is $18.39 and its 200 day moving average price is $18.11. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 17.65 and a beta of 0.85.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, October 29th. The pipeline company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.The business had revenue of $294.82 million for the quarter, compared to analysts’ expectations of $287.30 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts expect that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at $1,864,622.39. The trade was a 26.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after acquiring an additional 565 shares during the last quarter. MAI Capital Management raised its stake in Antero Midstream by 1.4% in the second quarter. MAI Capital Management now owns 44,049 shares of the pipeline company’s stock valued at $835,000 after buying an additional 589 shares in the last quarter. US Bancorp DE raised its stake in Antero Midstream by 1.6% in the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock valued at $722,000 after buying an additional 610 shares in the last quarter. CWM LLC raised its stake in Antero Midstream by 7.1% in the first quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after buying an additional 629 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Antero Midstream by 1.6% in the first quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company’s stock valued at $733,000 after buying an additional 640 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Company Profile

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.