Wells Fargo & Company Downgrades Antero Midstream (NYSE:AM) to Equal Weight

Antero Midstream (NYSE:AM - Get Free Report) was downgraded by stock analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $16.00 price target on the pipeline company's stock. Wells Fargo & Company's price objective points to a potential upside of 12.52% from the stock's previous close.

Several other research analysts also recently commented on the stock. Morgan Stanley increased their price objective 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. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Wednesday, December 11th.

Antero Midstream Price Performance

AM stock traded down $0.56 during trading on Wednesday, reaching $14.22. The company's stock had a trading volume of 2,236,210 shares, compared to its average volume of 2,664,821. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company's fifty day moving average is $15.21 and its 200-day moving average is $14.85. The company has a market capitalization of $6.84 billion, a P/E ratio of 17.56 and a beta of 2.39. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.00.

Insider Transactions at Antero Midstream

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

Hedge Funds Weigh In On Antero Midstream

Several hedge funds have recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC purchased a new position in Antero Midstream during the 3rd quarter valued at $38,000. Blue Trust Inc. boosted its stake in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the third quarter worth about $48,000. First Horizon Advisors Inc. increased its stake in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock worth $52,000 after buying an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream in the 2nd quarter worth about $55,000. 53.97% of the stock is currently owned by institutional investors.

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.