Antero Midstream Corp (NYSE:AM) gapped up prior to trading on Tuesday . The stock had previously closed at $7.85, but opened at $7.75. Antero Midstream shares last traded at $7.76, with a volume of 4,179,306 shares.

Several equities research analysts have commented on AM shares. ValuEngine downgraded shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Raymond James downgraded shares of Antero Midstream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. UBS Group downgraded shares of Antero Midstream from a “positive” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $13.00 in a research note on Thursday, August 1st. Robert W. Baird reduced their price target on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, September 9th. Finally, Mitsubishi UFJ Financial Group cut shares of Antero Midstream from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $13.00 in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

The stock has a fifty day moving average of $7.51 and a 200 day moving average of $12.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $3.89 billion, a PE ratio of 23.11, a PEG ratio of 1.66 and a beta of 1.30.

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

In other news, insider K. Phil Yoo sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total value of $104,550.00. Following the completion of the transaction, the insider now directly owns 301,955 shares in the company, valued at $2,104,626.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 2,855,848 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $6.81, for a total value of $19,448,324.88.

Institutional investors have recently bought and sold shares of the stock. HITE Hedge Asset Management LLC acquired a new stake in Antero Midstream in the first quarter valued at approximately $14,162,000. Cypress Wealth Advisors LLC lifted its position in Antero Midstream by 80.9% during the first quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after buying an additional 40,486 shares in the last quarter. Pinnacle Holdings LLC raised its position in Antero Midstream by 2.1% in the second 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, Lee Financial Co purchased a new stake in Antero Midstream in the second quarter valued at $61,000. 55.71% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Midstream (NYSE:AM)

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.

See Also: Net Margin

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