StockNews.com Downgrades Antero Midstream (NYSE:AM) to Hold

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

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

Antero Midstream Price Performance

Antero Midstream stock opened at $16.46 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $16.11 and a 200-day simple moving average of $15.43. Antero Midstream has a 12 month low of $13.12 and a 12 month high of $17.19. The stock has a market capitalization of $7.88 billion, a PE ratio of 19.83 and a beta of 2.33.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data 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%. Equities analysts predict that Antero Midstream will post 0.95 earnings per share for the current year.

Institutional Trading of Antero Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Antero Midstream by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock valued at $541,250,000 after buying an additional 96,788 shares in the last quarter. State Street Corp grew its holdings in shares of Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after acquiring an additional 160,593 shares during the period. Dimensional Fund Advisors LP increased its stake in Antero Midstream by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock valued at $137,516,000 after purchasing an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company’s stock worth $106,680,000 after purchasing an additional 135,886 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock worth $92,174,000 after purchasing an additional 25,001 shares in the last quarter. Institutional investors and hedge funds 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.