Antero Midstream (NYSE:AM) Upgraded at StockNews.com

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

A number of other research analysts have also issued reports on AM. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday. Morgan Stanley upped their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Performance

AM stock opened at $14.22 on Thursday. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.00. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.56 and a beta of 2.39. 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 stock’s fifty day moving average is $15.21 and its two-hundred day moving average is $14.85.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream during the 3rd quarter valued at $38,000. Blue Trust Inc. raised its holdings in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after buying an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream in the third quarter worth about $48,000. First Horizon Advisors Inc. boosted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter worth about $55,000. 53.97% of the stock is 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.