Antero Midstream (NYSE:AM) Stock Rating Lowered by StockNews.com

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

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

Antero Midstream Stock Up 0.5 %

Antero Midstream stock opened at $17.01 on Friday. The firm has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $15.53. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream has a 1-year low of $13.12 and a 1-year high of $17.19. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 20.49 and a beta of 2.33.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that Antero Midstream will post 0.95 earnings per share for the current year.

Institutional Trading of Antero Midstream

Several large investors have recently bought and sold shares of AM. Financial Management Professionals Inc. increased its position in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the 3rd quarter worth approximately $48,000. TD Waterhouse Canada Inc. boosted its stake in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after acquiring an additional 963 shares during the last quarter. Blue Trust Inc. lifted its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

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.