Antero Midstream (NYSE:AM) Upgraded by StockNews.com to "Buy" Rating

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

Separately, Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Price Performance

NYSE AM traded down $0.20 during trading hours on Thursday, reaching $16.14. The company's stock had a trading volume of 5,887,730 shares, compared to its average volume of 3,598,364. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day moving average is $16.82 and its two-hundred day moving average is $15.87. Antero Midstream has a fifty-two week low of $13.12 and a fifty-two week high of $18.49. The stock has a market cap of $7.72 billion, a PE ratio of 19.44 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Analysts forecast that Antero Midstream will post 0.95 EPS for the current year.

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Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC boosted its stake in Antero Midstream by 26.2% in the 3rd quarter. Cerity Partners LLC now owns 39,842 shares of the pipeline company's stock worth $600,000 after buying an additional 8,271 shares during the last quarter. FMR LLC boosted its position in shares of Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock worth $16,446,000 after acquiring an additional 600,208 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Antero Midstream by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 870,034 shares of the pipeline company's stock worth $13,094,000 after purchasing an additional 7,913 shares during the last quarter. Verition Fund Management LLC raised its stake in Antero Midstream by 68.4% during the third quarter. Verition Fund Management LLC now owns 61,377 shares of the pipeline company's stock worth $924,000 after purchasing an additional 24,936 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in shares of Antero Midstream in the 3rd quarter valued at $456,000. Institutional investors and hedge funds 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.