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

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, Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research report on Wednesday, December 18th.

Antero Midstream Stock Performance

AM opened at $16.32 on Tuesday. The firm has a fifty day moving average price of $15.58 and a 200 day moving average price of $15.12. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.86. The stock has a market cap of $7.85 billion, a P/E ratio of 20.14 and a beta of 2.31. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Institutional Investors Weigh In On Antero Midstream

Large investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of Antero Midstream by 1.5% during the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after acquiring an additional 160,593 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Antero Midstream by 4.3% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after buying an additional 22,936 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after buying an additional 203,967 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after buying an additional 600,208 shares during the last quarter. Hedge funds and other institutional investors 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.