Antero Midstream Corp (NYSE:AM) Director W Howard Keenan, Jr. sold 2,855,848 shares of Antero Midstream stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $6.81, for a total transaction of $19,448,324.88.

NYSE AM opened at $7.10 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3.72 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.66 and a beta of 1.30. Antero Midstream Corp has a 12-month low of $6.55 and a 12-month high of $18.82. The firm has a 50-day moving average price of $7.74 and a two-hundred day moving average price of $12.48.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07). The business had revenue of $255.62 million during the quarter, compared to the consensus estimate of $283.69 million. Antero Midstream had a net margin of 29.31% and a return on equity of 10.52%. Antero Midstream’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Antero Midstream Corp will post 0.75 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AM. Lee Financial Co bought a new stake in Antero Midstream in the 2nd quarter valued at about $61,000. Cypress Wealth Advisors LLC boosted its holdings in Antero Midstream by 80.9% in the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock valued at $1,247,000 after purchasing an additional 40,486 shares during the period. Pinnacle Holdings LLC boosted its holdings in Antero Midstream by 2.1% in the 2nd quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock valued at $3,643,000 after purchasing an additional 6,528 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new stake in Antero Midstream in the 1st quarter valued at about $14,162,000. 58.49% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on AM. Mitsubishi UFJ Financial Group downgraded shares of Antero Midstream from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $13.00 in a report on Friday, August 2nd. Citigroup began coverage on shares of Antero Midstream in a report on Tuesday, May 28th. They set a “buy” rating and a $15.00 target price for the company. Robert W. Baird reduced their target price on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating for the company in a report on Monday. ValuEngine downgraded shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised shares of Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Antero Midstream currently has a consensus rating of “Hold” and an average target price of $17.00.

Antero Midstream Company Profile

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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