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

Antero Midstream (NYSE:AM - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Separately, Wells Fargo & Company downgraded Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th.

Antero Midstream Stock Up 0.3 %

Shares of AM traded up $0.04 during trading hours on Monday, hitting $15.15. The company had a trading volume of 1,891,235 shares, compared to its average volume of 2,680,948. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 18.70 and a beta of 2.39. The firm has a fifty day moving average price of $15.17 and a 200-day moving average price of $14.88. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after purchasing an additional 203,967 shares in the last quarter. World Investment Advisors LLC bought a new position in Antero Midstream during the third quarter valued at approximately $680,000. Coldstream Capital Management Inc. grew its holdings in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company's stock valued at $185,000 after buying an additional 705 shares in the last quarter. Geode Capital Management LLC increased its stake in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after acquiring an additional 251,987 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Antero Midstream by 20.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company's stock worth $1,076,000 after acquiring an additional 12,099 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

About Antero Midstream

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.

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