Antero Midstream (NYSE:AM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Antero Midstream had its price target raised by Morgan Stanley from $17.00 to $19.00, reflecting a potential upside of 2.35% from the previous close.
• Analysts from Wall Street Zen upgraded the company's rating from "hold" to "buy", while Wells Fargo also raised their price target to $19.00 with an "equal weight" rating.
• Antero Midstream reported a profit of $0.26 EPS for the last quarter, surpassing analyst estimates, with revenues increasing by 13.2% year-over-year.

Antero Midstream (NYSE:AM - Free Report) had its price objective boosted by Morgan Stanley from $17.00 to $19.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the pipeline company's stock.

AM has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

Antero Midstream Trading Up 0.3%

AM stock traded up $0.06 during midday trading on Wednesday, reaching $18.52. 587,637 shares of the company traded hands, compared to its average volume of 3,157,132. Antero Midstream has a 52-week low of $13.77 and a 52-week high of $19.08. The business has a 50 day moving average of $18.08 and a 200-day moving average of $17.43. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 19.52 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. As a group, sell-side analysts expect that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's dividend payout ratio is 94.74%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director owned 73,645 shares in the company, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AM. US Bancorp DE raised its position in Antero Midstream by 1.6% during the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company's stock worth $722,000 after buying an additional 610 shares during the last quarter. Hancock Whitney Corp raised its holdings in Antero Midstream by 1.5% during the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after purchasing an additional 624 shares in the last quarter. CWM LLC raised its holdings in Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock worth $170,000 after purchasing an additional 629 shares in the last quarter. Private Advisor Group LLC lifted its position in Antero Midstream by 1.6% in the first quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company's stock valued at $733,000 after purchasing an additional 640 shares during the period. Finally, Commerce Bank boosted its holdings in Antero Midstream by 5.0% in the 1st quarter. Commerce Bank now owns 16,739 shares of the pipeline company's stock valued at $301,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors 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.