Antero Midstream (NYSE:AM) Rating Increased to Buy at StockNews.com

Antero Midstream (NYSE:AM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Morgan Stanley boosted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Trading Up 0.2 %

Shares of AM stock opened at $15.03 on Wednesday. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The firm has a market capitalization of $7.23 billion, a P/E ratio of 18.55 and a beta of 2.40. The stock’s fifty day moving average is $15.31 and its two-hundred day moving average is $14.83. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the third quarter valued at about $38,000. Blue Trust Inc. increased its holdings in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Antero Midstream in the third quarter valued at approximately $48,000. First Horizon Advisors Inc. lifted its stake in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Antero Midstream during the second quarter worth $55,000. Institutional investors and hedge funds 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.