Antero Midstream (NYSE:AM) Downgraded by StockNews.com

Antero Midstream (NYSE:AM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded down $0.29 during trading hours on Monday, hitting $13.40. 3,071,746 shares of the company were exchanged, compared to its average volume of 2,634,438. The business has a 50-day moving average of $14.57 and a 200-day moving average of $13.88. Antero Midstream has a 1 year low of $11.50 and a 1 year high of $15.21. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 16.75 and a beta of 2.38. The company has a current ratio of 0.89, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. During the same period in the prior year, the company earned $0.22 EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, analysts expect that Antero Midstream will post 0.86 EPS for the current fiscal year.

Institutional Trading of Antero Midstream

Several hedge funds have recently made changes to their positions in AM. Arizona State Retirement System grew its holdings in shares of Antero Midstream by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 100,729 shares of the pipeline company’s stock worth $1,485,000 after acquiring an additional 1,852 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Antero Midstream during the second quarter valued at $228,000. CIBC Asset Management Inc acquired a new stake in shares of Antero Midstream in the second quarter worth about $205,000. Natixis Advisors LLC lifted its position in shares of Antero Midstream by 4.6% in the second quarter. Natixis Advisors LLC now owns 50,447 shares of the pipeline company’s stock worth $744,000 after buying an additional 2,215 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its position in shares of Antero Midstream by 45.5% in the second quarter. SeaBridge Investment Advisors LLC now owns 137,624 shares of the pipeline company’s stock worth $2,029,000 after buying an additional 43,063 shares during the last quarter. Institutional investors 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.