Antero Midstream (NYSE:AM) Lifted to “Buy” at StockNews.com

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

Separately, Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.02 during trading on Thursday, reaching $14.78. The company had a trading volume of 1,318,335 shares, compared to its average volume of 2,019,507. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $14.50 and its 200 day moving average price is $13.54. Antero Midstream has a fifty-two week low of $11.37 and a fifty-two week high of $15.10. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 18.48 and a beta of 2.38.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. Antero Midstream’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. As a group, equities research analysts predict that Antero Midstream will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Antero Midstream

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Antero Midstream in the fourth quarter valued at $54,704,000. Westwood Holdings Group Inc. increased its stake in shares of Antero Midstream by 46.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after purchasing an additional 1,008,515 shares during the period. Kayne Anderson Capital Advisors LP raised its holdings in shares of Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after buying an additional 694,243 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Antero Midstream by 1,114.6% during the fourth quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock worth $8,034,000 after buying an additional 588,397 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Antero Midstream by 157.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock worth $11,619,000 after buying an additional 566,604 shares in 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.