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

Antero Midstream (NYSE:AM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Antero Midstream Stock Up 1.1 %

Shares of NYSE AM opened at $15.64 on Tuesday. The stock has a market cap of $7.53 billion, a PE ratio of 19.31 and a beta of 2.34. 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 12-month low of $11.58 and a 12-month high of $16.00. The company has a 50-day moving average of $15.24 and a 200 day moving average of $14.92.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Several large investors have recently made changes to their positions in AM. Natixis Advisors LLC lifted its stake in Antero Midstream by 4.6% during the second quarter. Natixis Advisors LLC now owns 50,447 shares of the pipeline company’s stock worth $744,000 after purchasing an additional 2,215 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Antero Midstream during the 2nd quarter valued at about $205,000. Arizona State Retirement System boosted its holdings in Antero Midstream by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 100,729 shares of the pipeline company’s stock valued at $1,485,000 after acquiring an additional 1,852 shares during the period. Acadian Asset Management LLC acquired a new position in Antero Midstream in the 2nd quarter valued at about $3,883,000. Finally, Quest Partners LLC increased its stake in Antero Midstream by 887.4% during the second quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock worth $1,668,000 after purchasing an additional 101,694 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.