Capital One Financial Upgrades Antero Midstream (NYSE:AM) to Overweight

Antero Midstream (NYSE:AM) was upgraded by Capital One Financial from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a $25.00 target price on the pipeline company’s stock. Capital One Financial‘s target price suggests a potential upside of 18.48% from the stock’s current price.

Several other research firms have also recently weighed in on AM. UBS Group dropped their price target on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings upgraded Antero Midstream from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.20.

Antero Midstream Stock Down 0.4%

Shares of AM stock opened at $21.10 on Tuesday. The firm’s fifty day moving average price is $22.16 and its two-hundred day moving average price is $22.11. Antero Midstream has a 1 year low of $16.96 and a 1 year high of $23.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $10.02 billion, a P/E ratio of 25.12 and a beta of 0.65.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $327.24 million during the quarter, compared to the consensus estimate of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. On average, equities analysts predict that Antero Midstream will post 1.09 EPS for the current fiscal year.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the sale, the director directly owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its position in shares of Antero Midstream by 5.4% during the 2nd quarter. Tidal Investments LLC now owns 155,732 shares of the pipeline company’s stock valued at $3,543,000 after purchasing an additional 7,919 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Antero Midstream by 25.3% in the second quarter. Engineers Gate Manager LP now owns 156,669 shares of the pipeline company’s stock worth $3,564,000 after purchasing an additional 31,650 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Antero Midstream by 285.7% in the second quarter. Squarepoint Ops LLC now owns 77,056 shares of the pipeline company’s stock worth $1,753,000 after purchasing an additional 57,077 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Antero Midstream by 43.8% in the second quarter. Baird Financial Group Inc. now owns 22,623 shares of the pipeline company’s stock valued at $515,000 after buying an additional 6,893 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Antero Midstream by 3.0% in the second quarter. Parkside Financial Bank & Trust now owns 21,743 shares of the pipeline company’s stock valued at $495,000 after buying an additional 642 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream’s gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company’s operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.