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

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

Other equities research analysts also recently issued reports about the company. Morgan Stanley lifted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research note on Wednesday.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $15.01 on Thursday. The firm has a market cap of $7.22 billion, a P/E ratio of 18.53 and a beta of 2.39. The firm’s 50-day simple moving average is $15.20 and its 200-day simple moving average is $14.85. Antero Midstream has a twelve month low of $11.58 and a twelve month high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in AM. Stifel Financial Corp boosted its position in Antero Midstream by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after buying an additional 685 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after acquiring an additional 705 shares during the last quarter. Wedmont Private Capital increased its position in Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after purchasing an additional 759 shares during the period. Finally, CWM LLC raised its holdings in Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

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.