StockNews.com Upgrades Antero Midstream (NYSE:AM) to Buy

Antero Midstream (NYSE:AM) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on AM. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Wednesday. Morgan Stanley upped their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Down 3.8 %

Antero Midstream stock opened at $14.22 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The firm has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $14.85. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 17.56 and a beta of 2.39.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter valued at about $38,000. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% during the third 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of Antero Midstream in the 3rd quarter valued at approximately $48,000. First Horizon Advisors Inc. grew its stake in shares of Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Antero Midstream in the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds 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.