Antero Midstream (NYSE:AM) received a $8.00 target price from research analysts at Barclays in a research report issued on Tuesday, October 15th, TipRanks reports. The firm currently has a “hold” rating on the pipeline company’s stock. Barclays‘s target price points to a potential upside of 29.87% from the company’s previous close.
Several other analysts have also issued reports on the company. Raymond James lowered Antero Midstream from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. UBS Group lowered Antero Midstream from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $13.00 in a research note on Thursday, August 1st. Mitsubishi UFJ Financial Group lowered Antero Midstream from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $13.00 in a research note on Friday, August 2nd. Zacks Investment Research raised Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, July 8th. Finally, ValuEngine raised Antero Midstream from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.10.
Antero Midstream stock traded down $0.26 during mid-day trading on Tuesday, reaching $6.16. 5,846,263 shares of the stock traded hands, compared to its average volume of 4,748,267. The business’s 50-day moving average is $7.19 and its 200-day moving average is $9.68. Antero Midstream has a 12-month low of $6.10 and a 12-month high of $15.45. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $3.15 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29.
Antero Midstream (NYSE:AM) last released its quarterly earnings results on Tuesday, October 29th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.19. Antero Midstream had a positive return on equity of 13.53% and a negative net margin of 32.31%. The business had revenue of $243.80 million during the quarter, compared to analyst estimates of $269.56 million. The company’s quarterly revenue was up 544.6% compared to the same quarter last year. Equities analysts anticipate that Antero Midstream will post 0.82 EPS for the current fiscal year.
In other Antero Midstream news, Director W Howard Keenan, Jr. sold 2,855,848 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $6.81, for a total transaction of $19,448,324.88. Also, insider K. Phil Yoo sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $6.97, for a total value of $104,550.00. Following the sale, the insider now owns 301,955 shares in the company, valued at $2,104,626.35. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Quest Capital Management Inc. ADV purchased a new stake in shares of Antero Midstream in the third quarter worth approximately $32,000. Lee Financial Co purchased a new stake in shares of Antero Midstream in the second quarter worth approximately $61,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Antero Midstream in the third quarter worth approximately $65,000. Nisa Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the third quarter worth approximately $74,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the third quarter worth approximately $78,000. Institutional investors and hedge funds own 55.10% of the company’s stock.
About Antero Midstream
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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