Antero Midstream (NYSE:AM) Upgraded by StockNews.com to “Buy” Rating

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

Separately, Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $15.03 on Wednesday. The firm has a 50 day moving average of $15.31 and a 200 day moving average of $14.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 18.55 and a beta of 2.40. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $16.00.

Insider Activity at Antero Midstream

In other Antero Midstream 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 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 approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors have recently modified their holdings of the business. World Investment Advisors LLC acquired a new position in shares of Antero Midstream during the 3rd quarter worth approximately $680,000. Coldstream Capital Management Inc. raised its position in Antero Midstream by 6.1% during the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 705 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Antero Midstream by 20.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company’s stock valued at $1,076,000 after purchasing an additional 12,099 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Antero Midstream during the third quarter worth about $256,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.