Antero Midstream (NYSE:AM) Downgraded by StockNews.com to Hold

Antero Midstream (NYSE:AM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

AM has been the subject of several other research reports. The Goldman Sachs Group began coverage on Antero Midstream in a report on Thursday, October 5th. They issued a “neutral” rating and a $12.50 price target for the company. Pickering Energy Partners began coverage on Antero Midstream in a report on Tuesday, October 3rd. They issued an “outperform” rating for the company. Finally, UBS Group cut their price target on Antero Midstream from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.30.

Antero Midstream Price Performance

Shares of NYSE AM traded down $0.04 during midday trading on Monday, hitting $12.97. The stock had a trading volume of 1,757,281 shares, compared to its average volume of 2,478,470. The company has a market capitalization of $6.22 billion, a PE ratio of 17.77 and a beta of 2.38. The stock has a 50 day simple moving average of $12.27 and a 200-day simple moving average of $11.67. Antero Midstream has a 1 year low of $9.56 and a 1 year high of $13.15. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.51.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, October 25th. The pipeline company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. Antero Midstream had a return on equity of 18.98% and a net margin of 34.61%. The firm had revenue of $263.84 million during the quarter, compared to analysts’ expectations of $256.23 million. On average, sell-side analysts expect that Antero Midstream will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Janine J. Mcardle purchased 6,011 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $11.96 per share, for a total transaction of $71,891.56. Following the completion of the transaction, the director now directly owns 54,093 shares in the company, valued at approximately $646,952.28. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AM. Covestor Ltd boosted its holdings in Antero Midstream by 2,155.9% in the first quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,199 shares during the period. Belpointe Asset Management LLC boosted its holdings in Antero Midstream by 248.2% in the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,886 shares during the period. Quadrant Capital Group LLC boosted its holdings in Antero Midstream by 157.8% in the second quarter. Quadrant Capital Group LLC now owns 3,450 shares of the pipeline company’s stock valued at $40,000 after purchasing an additional 2,112 shares during the period. Headlands Technologies LLC purchased a new position in Antero Midstream in the second quarter valued at $60,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in Antero Midstream in the third quarter valued at $60,000. 52.02% 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 infrastructure in the Appalachian Basin. 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.