Antero Midstream Corporation (NYSE:AM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.1667.

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

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the sale, the director directly owned 72,622 shares in the company, valued at $1,277,420.98. The trade was a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 994 shares during the period. Root Financial Partners LLC bought a new stake in Antero Midstream in the third quarter worth about $25,000. Quent Capital LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC bought a new position in shares of Antero Midstream during the fourth quarter valued at approximately $27,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after buying an additional 565 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.1%

AM stock opened at $17.32 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 1.26. Antero Midstream has a 1-year low of $15.07 and a 1-year high of $19.82. The business has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $18.04. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 17.67 and a beta of 0.80.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The firm had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts anticipate that Antero Midstream will post 0.95 EPS for the current fiscal 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.