Antero Midstream (NYSE:AM) Rating Increased to Buy at StockNews.com

Antero Midstream (NYSE:AM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research report on Wednesday, December 18th.

Antero Midstream Price Performance

Shares of AM opened at $16.32 on Tuesday. The firm has a 50-day simple moving average of $15.58 and a two-hundred day simple moving average of $15.12. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.86. The stock has a market cap of $7.85 billion, a PE ratio of 20.14 and a beta of 2.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter worth about $38,000. Financial Management Professionals Inc. increased its stake in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Antero Midstream during the 3rd quarter worth $48,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Antero Midstream by 21.9% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares during the period. 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.