Antero Midstream (NYSE:AM) Downgraded by StockNews.com to “Hold”

Antero Midstream (NYSE:AM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and upped their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Antero Midstream currently has an average rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Up 1.5 %

AM stock traded up $0.21 during trading on Thursday, reaching $14.23. The stock had a trading volume of 3,144,927 shares, compared to its average volume of 2,702,842. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 18.48 and a beta of 2.25. Antero Midstream has a one year low of $9.69 and a one year high of $14.52. The company’s 50 day moving average is $13.63 and its two-hundred day moving average is $12.90.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. Equities research analysts forecast that Antero Midstream will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the transaction, the insider now owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its holdings in shares of Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after buying an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,753 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Antero Midstream during the 1st quarter valued at $34,000. Parkside Financial Bank & Trust grew its holdings in shares of Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in shares of Antero Midstream during the 1st quarter valued at $48,000. 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.