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

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

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Performance

NYSE AM opened at $14.39 on Tuesday. Antero Midstream has a 52-week low of $10.68 and a 52-week high of $15.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $6.92 billion, a P/E ratio of 17.98 and a beta of 2.31. The company has a fifty day moving average of $14.31 and a 200-day moving average of $13.38.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities research analysts predict that Antero Midstream will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in Antero Midstream by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock valued at $339,000 after purchasing an additional 871 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 919 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Antero Midstream by 6.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,429 shares of the pipeline company’s stock valued at $218,000 after acquiring an additional 1,006 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Antero Midstream by 3.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock valued at $347,000 after acquiring an additional 1,042 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Antero Midstream by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,592 shares of the pipeline company’s stock valued at $318,000 after acquiring an additional 1,076 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.