Antero Midstream (NYSE:AM) Lowered to Hold Rating by StockNews.com

Antero Midstream (NYSE:AM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 18th.

Antero Midstream Stock Performance

NYSE:AM opened at $15.48 on Tuesday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 19.11 and a beta of 2.34. Antero Midstream has a twelve month low of $11.58 and a twelve month high of $16.00. The company has a fifty day moving average of $15.21 and a 200-day moving average of $14.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its holdings in Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after purchasing an additional 86,001 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in Antero Midstream by 23.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares in the last quarter. Finally, Quest Partners LLC increased its stake in Antero Midstream by 887.4% in the 2nd quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock valued at $1,668,000 after buying an additional 101,694 shares during the last quarter. 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.