Antero Midstream's (AM) Buy (A-) Rating Reaffirmed at Weiss Ratings

Key Points

• Antero Midstream's stock has maintained a "buy (A-)" rating according to Weiss Ratings, indicating positive sentiment from investment analysts.
• The company recently achieved a quarterly revenue of $305.47 million, surpassing analysts’ expectations and showing a 13.2% year-over-year increase.
• Meanwhile, shares of Antero Midstream have seen fluctuations, with a current trading price of $17.83, reflecting a 52-week range between $14.22 and $19.82.

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

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised their target price 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. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley increased their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Zacks Research lowered shares of Antero Midstream from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.50.

Antero Midstream Trading Down 0.1%

Shares of AM traded down $0.01 during midday trading on Friday, hitting $17.83. The stock had a trading volume of 1,648,171 shares, compared to its average volume of 2,909,077. Antero Midstream has a fifty-two week low of $14.22 and a fifty-two week high of $19.82. The business has a 50-day simple moving average of $18.39 and a two-hundred day simple moving average of $18.04. The firm has a market cap of $8.53 billion, a P/E ratio of 18.77 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45.

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

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 39,155 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.86% of the company's stock.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd raised its position in Antero Midstream by 479.9% during the third quarter. Bayforest Capital Ltd now owns 37,938 shares of the pipeline company's stock valued at $738,000 after acquiring an additional 31,396 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in Antero Midstream by 0.3% during the third quarter. Miller Howard Investments Inc. NY now owns 1,930,588 shares of the pipeline company's stock valued at $37,531,000 after acquiring an additional 5,090 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Antero Midstream by 16.9% during the third quarter. Nisa Investment Advisors LLC now owns 184,158 shares of the pipeline company's stock valued at $3,580,000 after acquiring an additional 26,608 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in Antero Midstream by 4.1% during the third quarter. KLP Kapitalforvaltning AS now owns 83,500 shares of the pipeline company's stock valued at $1,623,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Antero Midstream by 10.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 238,801 shares of the pipeline company's stock valued at $4,642,000 after purchasing an additional 23,431 shares during the last quarter. 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.

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