Antero Midstream (NYSE:AM - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Thursday.
Separately, Wells Fargo & Company raised their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.
Read Our Latest Stock Analysis on AM
Antero Midstream Trading Up 1.6 %
Shares of AM stock traded up $0.27 during trading hours on Thursday, reaching $16.73. The company's stock had a trading volume of 3,680,504 shares, compared to its average volume of 2,602,863. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $8.00 billion, a P/E ratio of 20.15 and a beta of 2.33. The firm's fifty day simple moving average is $16.17 and its 200 day simple moving average is $15.47. Antero Midstream has a one year low of $13.12 and a one year high of $17.19.
Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Equities research analysts expect that Antero Midstream will post 0.95 EPS for the current year.
Institutional Investors Weigh In On Antero Midstream
Hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $38,000. Financial Management Professionals Inc. raised its stake in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Brooklyn Investment Group bought a new stake in Antero Midstream in the third quarter worth $48,000. TD Waterhouse Canada Inc. boosted its holdings in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares in the last quarter. Institutional investors own 53.97% of the company's stock.
Antero Midstream Company Profile
(
Get Free Report)
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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