StockNews.com Upgrades Antero Midstream (NYSE:AM) to Buy

Antero Midstream (NYSE:AM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Separately, Morgan Stanley lifted their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Performance

AM opened at $15.06 on Wednesday. The firm’s fifty day simple moving average is $15.29 and its two-hundred day simple moving average is $14.84. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.00. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 18.59 and a beta of 2.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its position in Antero Midstream by 314.6% during the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after purchasing an additional 1,413,606 shares during the last quarter. FMR LLC grew its stake in shares of Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after buying an additional 600,208 shares during the period. SIR Capital Management L.P. acquired a new stake in shares of Antero Midstream during the 2nd quarter worth approximately $8,251,000. SG Americas Securities LLC raised its position in shares of Antero Midstream by 1,141.2% during the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after buying an additional 432,817 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

About Antero Midstream

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.