Antero Midstream Corp (NYSE:AM) Receives $27.75 Average Target Price from Analysts

Shares of Antero Midstream Corp (NYSE:AM) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.75.

Several brokerages recently issued reports on AM. ValuEngine lowered Antero Midstream from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Raymond James lowered Antero Midstream from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $19.00 to $17.00 in a report on Tuesday, April 16th. They noted that the move was a valuation call. Zacks Investment Research lowered Antero Midstream from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 16th. Capital One Financial restated an “equal weight” rating on shares of Antero Midstream in a report on Friday, March 22nd. Finally, Citigroup assumed coverage on Antero Midstream in a report on Tuesday, May 28th. They set a “buy” rating and a $15.00 target price on the stock.

In other news, Director Yorktown Viii Associates Llc sold 1,825,600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $12.61, for a total value of $23,020,816.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider K. Phil Yoo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $13.17, for a total value of $263,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,055,600 shares of company stock worth $25,898,716.



Several large investors have recently modified their holdings of AM. Berman Capital Advisors LLC acquired a new stake in Antero Midstream during the fourth quarter worth about $115,000. IFP Advisors Inc acquired a new stake in Antero Midstream during the fourth quarter worth about $154,000. Bessemer Group Inc. grew its position in Antero Midstream by 236.6% during the fourth quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock worth $169,000 after buying an additional 5,534 shares in the last quarter. LVW Advisors LLC grew its position in Antero Midstream by 10.5% during the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock worth $214,000 after buying an additional 950 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in Antero Midstream during the fourth quarter worth about $227,000. 58.03% of the stock is currently owned by institutional investors.

Shares of AM traded down $0.55 during mid-day trading on Friday, reaching $12.17. The company’s stock had a trading volume of 3,737,511 shares, compared to its average volume of 2,787,221. The firm has a market capitalization of $6.26 billion, a P/E ratio of 36.86, a PEG ratio of 2.61 and a beta of 1.40. Antero Midstream has a 1 year low of $10.12 and a 1 year high of $19.82. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.11). Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The business had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $287.06 million. During the same quarter in the previous year, the company earned $0.07 EPS. Antero Midstream’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts expect that Antero Midstream will post 0.85 earnings per share for the current fiscal year.

About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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