Antero Midstream (NYSE:AM) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Antero Midstream Corporation (NYSE:AM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.01 and traded as high as $18.92. Antero Midstream shares last traded at $18.78, with a volume of 2,573,831 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AM shares. Morgan Stanley increased their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Wells Fargo & Company increased their price objective on Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Zacks Research raised Antero Midstream from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Finally, Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.17.

Antero Midstream Price Performance

The company has a market capitalization of $8.94 billion, a PE ratio of 19.16 and a beta of 0.80. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $17.89 and a two-hundred day moving average price of $18.01.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Equities analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. Antero Midstream’s dividend payout ratio is currently 91.84%.

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 stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

Institutional Trading of Antero Midstream

Several large investors have recently made changes to their positions in AM. US Bancorp DE grew its holdings in shares of Antero Midstream by 1.6% during the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 610 shares in the last quarter. Franklin Resources Inc. lifted its position in Antero Midstream by 54.3% in the second quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Boston Trust Walden Corp boosted its stake in Antero Midstream by 5.5% during the third quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after buying an additional 194,480 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Antero Midstream by 6.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock worth $20,657,000 after buying an additional 60,628 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Antero Midstream by 479.9% in the 3rd quarter. Bayforest Capital Ltd now owns 37,938 shares of the pipeline company’s stock valued at $738,000 after buying an additional 31,396 shares during the period. Institutional investors own 53.97% of the company’s stock.

About Antero Midstream

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.