Morgan Stanley Issues Positive Forecast for Antero Midstream (NYSE:AM) Stock Price

Antero Midstream (NYSE:AM - Get Free Report) had its price target boosted by stock analysts at Morgan Stanley from $16.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the pipeline company's stock. Morgan Stanley's target price would indicate a potential downside of 8.29% from the stock's current price.

A number of other research firms also recently issued reports on AM. Wells Fargo & Company upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Trading Up 0.0%

NYSE:AM traded up $0.01 during trading hours on Tuesday, hitting $18.54. 1,785,823 shares of the stock were exchanged, compared to its average volume of 2,920,402. The company has a market capitalization of $8.88 billion, a P/E ratio of 22.33 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The company's 50 day moving average is $17.61 and its two-hundred day moving average is $16.61. Antero Midstream has a twelve month low of $13.12 and a twelve month high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, sell-side analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the transaction, the director now directly owns 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of Antero Midstream

Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Antero Midstream during the fourth quarter worth about $62,578,000. Boston Trust Walden Corp acquired a new stake in shares of Antero Midstream during the first quarter worth about $51,269,000. SIR Capital Management L.P. bought a new position in shares of Antero Midstream during the 4th quarter valued at about $35,058,000. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Antero Midstream by 31.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company's stock valued at $167,614,000 after purchasing an additional 2,242,283 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Antero Midstream in the 1st quarter valued at approximately $25,226,000. Institutional investors own 53.97% of the company's stock.

About Antero Midstream

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.