Antero Midstream (NYSE:AM) Lowered to Hold Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Antero Midstream (NYSE:AM – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.

AM has been the topic of a number of other research reports. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. The Goldman Sachs Group lifted their price target on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Morgan Stanley lifted their price target on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company lifted their price target on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.50.

View Our Latest Stock Report on Antero Midstream

Antero Midstream Stock Performance

Shares of AM stock opened at $17.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $18.39 and a two-hundred day moving average of $18.12. Antero Midstream has a 52 week low of $14.22 and a 52 week high of $19.82. The company has a market cap of $8.24 billion, a P/E ratio of 17.65 and a beta of 0.85.

Antero Midstream (NYSE:AM – Get Free Report) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, analysts anticipate that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is 91.84%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the sale, the insider directly owned 106,489 shares in the company, valued at $1,864,622.39. This represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors have recently added to or reduced their stakes in AM. Richardson Financial Services Inc. lifted its position in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 994 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter valued at $25,000. Quent Capital LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter valued at $28,000. Transce3nd LLC acquired a new stake in shares of Antero Midstream during the 1st quarter valued at $29,000. Finally, Global Retirement Partners LLC lifted its position in shares of Antero Midstream by 33.3% during the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after acquiring an additional 565 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Company Profile

(Get Free Report)

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.

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