StockNews.com Upgrades Antero Midstream (NYSE:AM) to “Buy”

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

Separately, Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Up 1.4 %

Shares of AM stock opened at $15.97 on Thursday. The firm’s fifty day moving average price is $15.25 and its two-hundred day moving average price is $14.79. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.00. The firm has a market capitalization of $7.69 billion, a P/E ratio of 19.68 and a beta of 2.35.

Insider Activity at Antero Midstream

In related 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 transaction of $146,600.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

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