Antero Midstream (NYSE:AM) had its price objective trimmed by Robert W. Baird from $15.00 to $9.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the pipeline company’s stock.
Several other brokerages have also recently commented on AM. ValuEngine cut Antero Midstream from a sell rating to a strong sell rating in a report on Friday, July 19th. Raymond James cut Antero Midstream from an outperform rating to a market perform rating in a report on Wednesday, August 28th. Zacks Investment Research upgraded Antero Midstream from a sell rating to a buy rating and set a $13.00 target price on the stock in a report on Monday, July 8th. Citigroup started coverage on Antero Midstream in a report on Tuesday, May 28th. They issued a buy rating and a $15.00 target price on the stock. Finally, UBS Group cut Antero Midstream from a positive rating to a neutral rating and reduced their target price for the company from $17.00 to $13.00 in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $17.00.
Shares of AM stock opened at $7.45 on Monday. The business’s 50 day simple moving average is $7.74 and its 200 day simple moving average is $12.48. Antero Midstream has a one year low of $6.55 and a one year high of $18.82. The stock has a market capitalization of $3.72 billion, a PE ratio of 22.58, a PEG ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49.
Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). Antero Midstream had a net margin of 29.31% and a return on equity of 10.52%. The company had revenue of $255.62 million during the quarter, compared to the consensus estimate of $283.69 million. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Antero Midstream will post 0.75 earnings per share for the current year.
In other Antero Midstream news, Director W Howard Keenan, Jr. sold 2,855,848 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $6.81, for a total transaction of $19,448,324.88. Also, insider K. Phil Yoo sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total value of $104,550.00. Following the transaction, the insider now owns 301,955 shares in the company, valued at $2,104,626.35. The disclosure for this sale can be found here.
Institutional investors have recently bought and sold shares of the business. Lee Financial Co bought a new position in shares of Antero Midstream in the 2nd quarter worth $61,000. Cypress Wealth Advisors LLC lifted its holdings in shares of Antero Midstream by 80.9% in the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares in the last quarter. Pinnacle Holdings LLC lifted its holdings in shares of Antero Midstream by 2.1% in the 2nd quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock worth $3,643,000 after purchasing an additional 6,528 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Antero Midstream in the 1st quarter worth $14,162,000. Hedge funds and other institutional investors own 58.49% of the company’s stock.
About Antero Midstream
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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