Zacks Research Downgrades Antero Midstream (NYSE:AM) to Hold

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

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

Antero Midstream Price Performance

Shares of NYSE:AM traded down $0.08 during trading on Monday, reaching $18.57. The stock had a trading volume of 176,290 shares, compared to its average volume of 2,549,670. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. Antero Midstream has a 1-year low of $15.07 and a 1-year high of $19.82. The stock has a market cap of $8.84 billion, a PE ratio of 18.93 and a beta of 0.81. The business has a fifty day moving average price of $18.04 and a 200-day moving average price of $18.08.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the transaction, the director owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors have recently modified their holdings of the company. Richardson Financial Services Inc. increased its holdings in shares of Antero Midstream by 330.2% in 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 period. Root Financial Partners LLC purchased a new position in Antero Midstream during the 3rd quarter worth $25,000. Quent Capital LLC acquired a new position in Antero Midstream in the third quarter valued at $28,000. Elevation Wealth Partners LLC purchased a new stake in shares of Antero Midstream in the fourth quarter valued at about $27,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after buying an additional 565 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.