Barclays Boosts Antero Midstream (NYSE:AM) Price Target to $11.00

Antero Midstream (NYSE:AM – Get Rating) had its price objective hoisted by analysts at Barclays from $10.00 to $11.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the pipeline company’s stock. Barclays‘s price target suggests a potential downside of 1.87% from the company’s current price.

Several other brokerages have also recently commented on AM. Morgan Stanley boosted their price target on Antero Midstream from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Monday, January 9th. StockNews.com assumed coverage on Antero Midstream in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet upgraded Antero Midstream from a “c” rating to a “b-” rating in a research report on Monday, November 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Antero Midstream currently has an average rating of “Hold” and a consensus price target of $11.75.

Antero Midstream Stock Up 1.3 %

Antero Midstream stock opened at $11.21 on Wednesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 16.73 and a beta of 2.42. Antero Midstream has a 12 month low of $8.56 and a 12 month high of $11.61. The business has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $10.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.76 and a quick ratio of 0.76.

Antero Midstream (NYSE:AM – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The pipeline company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Antero Midstream had a return on equity of 16.88% and a net margin of 35.99%. The firm had revenue of $231.03 million during the quarter, compared to analysts’ expectations of $241.91 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts anticipate that Antero Midstream will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Antero Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in shares of Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,199 shares during the last quarter. Parkwood LLC lifted its stake in shares of Antero Midstream by 82.9% in the 2nd quarter. Parkwood LLC now owns 27,103 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 12,281 shares during the last quarter. Castle Wealth Management LLC acquired a new position in shares of Antero Midstream in the 3rd quarter valued at $28,000. CWM LLC lifted its stake in shares of Antero Midstream by 138.5% in the 2nd quarter. CWM LLC now owns 3,384 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,965 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of Antero Midstream in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Antero Midstream Company Profile

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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.