Analysts Set Antero Midstream Corporation (NYSE:AM) Price Target at $19.17

Antero Midstream Corporation (NYSE:AM) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.1667.

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

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director directly owned 72,622 shares in the company, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Antero Midstream by 0.8% during the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after acquiring an additional 1,371 shares during the period. AQR Capital Management LLC boosted its stake in Antero Midstream by 174.9% during the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after buying an additional 53,281 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Antero Midstream during the 1st quarter worth approximately $289,000. Goldman Sachs Group Inc. grew its stake in Antero Midstream by 56.6% in the 1st 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 in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Antero Midstream by 15.9% during the first quarter. Great Lakes Advisors LLC now owns 18,665 shares of the pipeline company’s stock valued at $336,000 after buying an additional 2,554 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.8%

NYSE AM opened at $17.70 on Friday. The business has a 50 day simple moving average of $17.81 and a 200 day simple moving average of $18.02. Antero Midstream has a one year low of $15.07 and a one year high of $19.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $8.43 billion, a P/E ratio of 18.06 and a beta of 0.80.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Research analysts expect that Antero Midstream will post 0.95 earnings per share 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.