Antero Midstream (NYSE:AM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Antero Midstream from “hold” to “buy,” although the broader analyst consensus remains “Hold,” with a $24.20 average price target.
• Antero Midstream reported quarterly EPS of $0.28, below the $0.30 consensus estimate, while revenue rose 10.9% year over year to $327.02 million.
• The stock opened at $21.47, near its 50-day and 200-day moving averages; institutional investors own approximately 53.97% of the company, while two insiders recently sold shares.

Antero Midstream (NYSE:AM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts have also weighed in on the stock. Zacks Research lowered shares of Antero Midstream from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. UBS Group lowered their target price on shares of Antero Midstream from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, September 21st. Capital One Financial raised shares of Antero Midstream from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research report on Tuesday, September 22nd. Finally, Weiss Ratings downgraded shares of Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.20.

Antero Midstream Price Performance

AM stock opened at $21.47 on Friday. The company has a fifty day moving average price of $21.36 and a 200-day moving average price of $21.55. Antero Midstream has a 52-week low of $16.96 and a 52-week high of $23.83. The company has a market capitalization of $10.14 billion, a P/E ratio of 15.12 and a beta of 0.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). Antero Midstream had a return on equity of 33.53% and a net margin of 53.45%. The company had revenue of $327.02 million for the quarter, compared to the consensus estimate of $340.62 million. During the same quarter last year, the business earned $0.24 earnings per share. Antero Midstream's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that Antero Midstream will post 1.23 EPS for the current year.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the sale, the insider owned 83,900 shares of the company's stock, valued at approximately $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares of the company's stock, valued at approximately $1,450,699.08. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

A number of large investors have recently modified their holdings of AM. BlackRock Inc. bought a new stake in Antero Midstream during the 2nd quarter valued at approximately $869,045,000. Bank of New York Mellon Corp purchased a new position in Antero Midstream during the second quarter valued at $157,371,000. Kayne Anderson Capital Advisors LP bought a new stake in Antero Midstream during the second quarter worth about $49,883,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Antero Midstream in the 2nd quarter worth approximately $46,007,000. Finally, RR Advisors LLC bought a new stake in Antero Midstream in the second quarter worth $34,435,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Company Profile

Antero Midstream Corporation NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company's services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources' operations in the Appalachian Basin, particularly in West Virginia and Ohio.

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