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

Antero Midstream (NYSE:AM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.70.

Antero Midstream Trading Up 1.5 %

Shares of AM stock traded up $0.21 on Thursday, hitting $14.23. 3,144,927 shares of the stock traded hands, compared to its average volume of 2,702,842. The firm’s 50-day moving average price is $13.63 and its two-hundred day moving average price is $12.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $6.83 billion, a PE ratio of 18.48 and a beta of 2.25. Antero Midstream has a twelve month low of $9.69 and a twelve month high of $14.52.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, analysts anticipate that Antero Midstream will post 0.98 EPS for the current year.

Insider Activity at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Institutional Trading of Antero Midstream

A number of large investors have recently made changes to their positions in AM. Simplicity Wealth LLC acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $211,000. Louisiana State Employees Retirement System increased its position in shares of Antero Midstream by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 98,000 shares of the pipeline company’s stock valued at $1,378,000 after buying an additional 2,300 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Antero Midstream by 444.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 77,775 shares of the pipeline company’s stock valued at $1,094,000 after buying an additional 63,483 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Antero Midstream by 1.5% in the first quarter. Maryland State Retirement & Pension System now owns 314,802 shares of the pipeline company’s stock valued at $4,275,000 after buying an additional 4,605 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in shares of Antero Midstream during the first quarter valued at $211,000. 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.