Antero Midstream (NYSE:AM) Upgraded by StockNews.com to “Buy”
Antero Midstream (NYSE:AM – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Several other research analysts also recently weighed in on AM. Pickering Energy Partners began coverage on shares of Antero Midstream in a report on Tuesday, October 3rd. They set an “outperform” rating on the stock. UBS Group lowered their target price on shares of Antero Midstream from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Antero Midstream in a research report on Thursday, October 5th. They issued a “neutral” rating and a $12.50 price target on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Antero Midstream has an average rating of “Hold” and an average price target of $12.30.
Check Out Our Latest Stock Analysis on Antero Midstream
Antero Midstream Stock Down 1.8 %
Shares of NYSE AM traded down $0.23 during trading on Wednesday, hitting $12.87. 2,414,749 shares of the company traded hands, compared to its average volume of 2,443,807. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.63 and a beta of 2.32. The business’s fifty day moving average is $12.59 and its 200 day moving average is $11.89. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.86 and a current ratio of 0.86. Antero Midstream has a fifty-two week low of $9.56 and a fifty-two week high of $13.46.
Antero Midstream (NYSE:AM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The pipeline company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Antero Midstream had a return on equity of 18.98% and a net margin of 34.61%. The firm had revenue of $263.84 million during the quarter, compared to analysts’ expectations of $256.23 million. Equities research analysts predict that Antero Midstream will post 0.84 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Antero Midstream
Several institutional investors and hedge funds have recently added to or reduced their stakes in AM. Advisor Group Holdings Inc. increased its position in shares of Antero Midstream by 58.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 33,613 shares of the pipeline company’s stock valued at $365,000 after purchasing an additional 12,431 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Antero Midstream by 11.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 99,908 shares of the pipeline company’s stock valued at $1,086,000 after buying an additional 10,513 shares during the period. HighTower Advisors LLC increased its holdings in Antero Midstream by 21.4% during the first quarter. HighTower Advisors LLC now owns 76,529 shares of the pipeline company’s stock worth $829,000 after buying an additional 13,493 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Antero Midstream during the first quarter worth about $239,000. Finally, Bank of Montreal Can raised its position in Antero Midstream by 12.1% in the first quarter. Bank of Montreal Can now owns 171,400 shares of the pipeline company’s stock worth $1,889,000 after acquiring an additional 18,435 shares during the period. Hedge funds and other institutional investors own 52.02% of the company’s stock.
About Antero Midstream (Get Free Report)
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. 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.
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Original: MarketBeat News Feed: Antero Midstream (NYSE:AM) Upgraded by StockNews.com to “Buy”