Antero Midstream (NYSE:AM) Receives "Buy (A-)" Rating from Weiss Ratings

Key Points

• Antero Midstream's stock received a "Buy (A-)" rating from Weiss Ratings, indicating positive sentiment among analysts.
• Wells Fargo and other firms have raised their price targets for Antero Midstream, now ranging from $17.50 to $19.00, with an average target of $18.50.
• The company reported earnings of $0.26 per share, surpassing estimates, with revenues showing a 13.2% year-over-year increase.

Antero Midstream (NYSE:AM - Get Free Report)'s stock had its "buy (a-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company increased their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group raised their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a report on Monday, August 18th. Morgan Stanley raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Finally, Zacks Research lowered shares of Antero Midstream from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.50.

Antero Midstream Stock Up 0.2%

NYSE:AM traded up $0.04 during trading hours on Wednesday, hitting $19.17. 635,076 shares of the stock traded hands, compared to its average volume of 2,979,596. Antero Midstream has a fifty-two week low of $14.22 and a fifty-two week high of $19.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 20.18 and a beta of 0.85. The firm has a 50 day moving average price of $18.39 and a 200 day moving average price of $17.99.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. Antero Midstream'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 posted $0.23 earnings per share. Equities research analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current year.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the sale, the insider owned 106,489 shares in the company, valued at $1,864,622.39. This represents a 26.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Transce3nd LLC bought a new position in Antero Midstream during the first quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Antero Midstream by 58.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company's stock valued at $51,000 after purchasing an additional 1,000 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Antero Midstream by 401.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company's stock valued at $53,000 after purchasing an additional 2,224 shares in the last quarter. UMB Bank n.a. boosted its stake in Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after acquiring an additional 2,188 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock worth $82,000 after acquiring an additional 1,328 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.