StockNews.com Upgrades Antero Midstream (NYSE:AM) to Buy

Antero Midstream (NYSE:AM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Morgan Stanley raised their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Performance

AM traded down $0.12 on Thursday, hitting $15.75. The company’s stock had a trading volume of 2,005,292 shares, compared to its average volume of 2,676,758. The company’s 50 day simple moving average is $15.23 and its 200-day simple moving average is $14.79. The firm has a market cap of $7.58 billion, a P/E ratio of 19.44 and a beta of 2.35. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $15.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in AM. Russell Investments Group Ltd. raised its position in shares of Antero Midstream by 108.9% during the 1st quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock valued at $415,000 after buying an additional 15,379 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Antero Midstream by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company’s stock worth $2,566,000 after purchasing an additional 8,167 shares during the period. Tidal Investments LLC raised its position in Antero Midstream by 36.7% in the 1st quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company’s stock worth $657,000 after purchasing an additional 12,557 shares during the period. Virtu Financial LLC purchased a new position in Antero Midstream in the 1st quarter worth $152,000. Finally, Cetera Investment Advisers raised its position in Antero Midstream by 89.4% in the 1st quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company’s stock worth $6,786,000 after purchasing an additional 227,855 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.