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

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. cut Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Antero Midstream currently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Stock Up 0.1 %

AM traded up $0.02 during trading on Thursday, hitting $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 market cap of $7.11 billion, a PE ratio of 18.48 and a beta of 2.38. The business has a 50-day moving average of $14.50 and a 200-day moving average of $13.54. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. Antero Midstream has a 1-year low of $11.37 and a 1-year high of $15.10.

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

Hedge Funds Weigh In On Antero Midstream

A number of large investors have recently modified their holdings of AM. NBW Capital LLC boosted its stake in Antero Midstream by 2.1% during the 1st quarter. NBW Capital LLC now owns 539,409 shares of the pipeline company’s stock worth $7,584,000 after acquiring an additional 11,315 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. Cetera Advisors LLC raised its holdings in Antero Midstream by 608.8% during the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after buying an additional 129,561 shares during the period. Cetera Investment Advisers lifted its stake in Antero Midstream by 89.4% in the first quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company’s stock valued at $6,786,000 after buying an additional 227,855 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Antero Midstream in the first quarter valued at approximately $152,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.