Antero Midstream Target of Unusually High Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of some unusual options trading activity on Thursday. Traders acquired 35,555 put options on the stock. This is an increase of approximately 2,865% compared to the average daily volume of 1,199 put options.

Analyst Upgrades and Downgrades

AM has been the topic of several analyst reports. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Wednesday. Finally, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction 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 sale, the director now owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in AM. Stifel Financial Corp lifted its stake in Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after acquiring an additional 685 shares during the period. First Horizon Advisors Inc. grew 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 purchasing an additional 688 shares during the period. Coldstream Capital Management Inc. increased its position in shares of 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 buying an additional 705 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after buying an additional 759 shares during the period. Finally, CWM LLC raised its stake in shares of 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 buying an additional 768 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of NYSE AM opened at $14.53 on Friday. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week 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. The company has a market cap of $6.99 billion, a PE ratio of 17.94 and a beta of 2.39. The business has a 50-day simple moving average of $15.20 and a two-hundred day simple moving average of $14.85.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.19%. Antero Midstream’s payout ratio is 111.11%.

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.