Antero Midstream (NYSE:AM) Lowered to “Hold” at StockNews.com

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 on Saturday.

Separately, Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and lifted their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.70.

Antero Midstream Trading Up 1.4 %

AM stock opened at $14.15 on Friday. The company has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $12.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 17.69 and a beta of 2.26. Antero Midstream has a one year low of $10.09 and a one year high of $14.52.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The company had revenue of $279.05 million for the quarter, compared to analyst estimates of $277.25 million. During the same quarter last year, the business earned $0.21 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Antero Midstream will post 0.89 EPS for the current year.

Insider Activity

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AM. GSA Capital Partners LLP bought a new position in shares of Antero Midstream in the 1st quarter valued at $1,986,000. Graypoint LLC bought a new position in Antero Midstream in the first quarter valued at about $142,000. BNP Paribas Financial Markets boosted its stake in shares of Antero Midstream by 21.4% during the first quarter. BNP Paribas Financial Markets now owns 778,529 shares of the pipeline company’s stock valued at $10,946,000 after purchasing an additional 137,340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Antero Midstream by 18.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock worth $41,237,000 after purchasing an additional 452,535 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Antero Midstream by 0.3% in the first quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after buying an additional 1,123 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Company Profile

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.