Antero Midstream (NYSE:AM) Upgraded by Capital One Financial to Overweight Rating

Key Points

• Capital One Financial upgraded Antero Midstream to “overweight” from “equal weight” and set a $25 price target, implying 18.48% upside from the prior close.
• Analyst sentiment remains cautious overall: Antero Midstream has an average rating of “Hold” and a consensus price target of $24.20, with two Buy ratings and five Holds.
• The company’s latest quarter met expectations with $0.27 EPS and $327.24 million in revenue, up 7.1% year over year; insiders recently sold shares, while institutional investors own 53.97% of the stock.

Antero Midstream (NYSE:AM - Get Free Report) was upgraded by investment analysts at Capital One Financial from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage currently has a $25.00 target price on the pipeline company's stock. Capital One Financial's price objective would suggest a potential upside of 18.48% from the stock's previous close.

Several other equities research analysts have also issued reports on AM. 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 research note on Monday. Wells Fargo & Company increased their price target on Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Antero Midstream from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.20.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $21.10 on Tuesday. The firm's 50-day moving average is $22.16 and its 200 day moving average is $22.11. Antero Midstream has a 12 month low of $16.96 and a 12 month high of $23.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 25.12 and a beta of 0.65.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The business had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.Antero Midstream's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Research analysts predict that Antero Midstream will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares of the company's stock, valued at approximately $1,846,639. The trade was a 16.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director directly owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC acquired a new stake in shares of Antero Midstream during the second quarter worth approximately $25,000. Clearstead Trust LLC acquired a new stake in shares of Antero Midstream in the second quarter worth $30,000. Larson Financial Group LLC grew its position in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after buying an additional 708 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Antero Midstream in the second quarter valued at $38,000. Finally, Root Financial Partners LLC lifted its stake in Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company's stock worth $46,000 after purchasing an additional 537 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Company Profile

Antero Midstream Corp. NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream's gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company's operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.

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