Antero Midstream (NYSE:AM) Price Target Raised to $16.00 at Morgan Stanley

Antero Midstream (NYSE:AM) had its price objective boosted by Morgan Stanley from $15.00 to $16.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the pipeline company’s stock.

Separately, StockNews.com downgraded Antero Midstream from a buy rating to a hold rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $13.88.

Antero Midstream Trading Down 1.2 %

Shares of AM opened at $14.60 on Tuesday. Antero Midstream has a 52-week low of $11.50 and a 52-week high of $15.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 0.89. The business’s fifty day moving average is $14.52 and its 200-day moving average is $14.12. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 18.24 and a beta of 2.38.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The company had revenue of $269.70 million for the quarter, compared to the consensus estimate of $274.66 million. Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Equities analysts anticipate that Antero Midstream will post 0.86 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.17%. Antero Midstream’s payout ratio is currently 112.50%.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently modified their holdings of AM. Allspring Global Investments Holdings LLC raised its stake in shares of Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,753 shares during the period. MCF Advisors LLC bought a new position in Antero Midstream during the first quarter worth about $34,000. City State Bank purchased a new position in shares of Antero Midstream in the second quarter worth about $51,000. Pacifica Partners Inc. bought a new stake in shares of Antero Midstream in the first quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 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.