Antero Midstream (NYSE:AM) Lowered to “Hold” Rating by Zacks Research

Antero Midstream (NYSE:AM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 23rd. Finally, Morgan Stanley raised their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.17.

Antero Midstream Trading Up 0.8%

Shares of NYSE:AM opened at $18.65 on Monday. The firm has a fifty day moving average of $18.04 and a two-hundred day moving average of $18.08. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream has a 12-month low of $15.07 and a 12-month high of $19.82. The firm has a market capitalization of $8.88 billion, a P/E ratio of 19.03 and a beta of 0.81.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at approximately $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of Antero Midstream by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after acquiring an additional 1,430,138 shares in the last quarter. US Bancorp DE raised its position in Antero Midstream by 1.6% in the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 610 shares in the last quarter. Franklin Resources Inc. lifted its stake in Antero Midstream by 54.3% during the second quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Boston Trust Walden Corp boosted its holdings in Antero Midstream by 5.5% during the third quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock valued at $72,667,000 after purchasing an additional 194,480 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Antero Midstream by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock valued at $20,657,000 after purchasing an additional 60,628 shares during the period. Institutional investors own 53.97% of the company’s stock.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.