Antero Midstream (NYSE:AM) Rating Lowered to Hold at StockNews.com

Antero Midstream (NYSE:AM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Wells Fargo & Company upped their target price on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Up 0.5 %

Shares of AM stock opened at $17.01 on Friday. Antero Midstream has a 12 month low of $13.12 and a 12 month high of $17.19. The firm has a market cap of $8.14 billion, a PE ratio of 20.49 and a beta of 2.32. The stock has a 50 day moving average of $16.27 and a 200-day moving average of $15.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, equities analysts predict that Antero Midstream will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AM. Atria Investments Inc acquired a new position in shares of Antero Midstream in the third quarter valued at $337,000. State of New Jersey Common Pension Fund D grew its position in Antero Midstream by 4.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 134,298 shares of the pipeline company’s stock valued at $2,021,000 after acquiring an additional 5,231 shares during the period. Aigen Investment Management LP bought a new stake in Antero Midstream in the third quarter valued at $217,000. Victory Capital Management Inc. grew its position in Antero Midstream by 30.9% in the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company’s stock valued at $2,035,000 after acquiring an additional 31,915 shares during the period. Finally, KBC Group NV grew its position in Antero Midstream by 36.2% in the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock valued at $196,000 after acquiring an additional 3,460 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.