Antero Midstream (NYSE:AM) Stock Rating Upgraded by Morgan Stanley

Antero Midstream (NYSE:AM) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a $26.00 target price on the pipeline company’s stock. Morgan Stanley’s price objective suggests a potential upside of 21.43% from the stock’s current price.

Other analysts have also issued reports about the company. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company lifted their target price on Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. The Goldman Sachs Group lifted their target price on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. UBS Group lifted their target price on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings raised Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.00.

Antero Midstream Trading Up 0.8%

NYSE:AM opened at $21.41 on Wednesday. The business’s 50-day moving average is $22.31 and its two-hundred day moving average is $19.58. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. Antero Midstream has a 12 month low of $16.24 and a 12 month high of $23.83. The firm has a market capitalization of $10.13 billion, a PE ratio of 24.90 and a beta of 0.75.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $292.46 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Research analysts predict that Antero Midstream will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the transaction, the director directly owned 69,680 shares in the company, valued at approximately $1,613,788.80. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the transaction, the insider owned 649,834 shares of the company’s stock, valued at $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 44,000 shares of company stock worth $1,004,690. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently bought and sold shares of AM. Royal Bank of Canada grew its stake in Antero Midstream by 0.8% in the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after purchasing an additional 1,371 shares in the last quarter. AQR Capital Management LLC grew its stake in Antero Midstream by 174.9% in the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after purchasing an additional 53,281 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after purchasing an additional 1,400,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Antero Midstream by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after purchasing an additional 43,335 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Antero Midstream by 5.9% in the second quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock worth $344,000 after purchasing an additional 1,009 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.