StockNews.com Downgrades Antero Midstream (NYSE:AM) to Hold

Antero Midstream (NYSE:AM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Antero Midstream presently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $14.80 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream has a 12-month low of $10.97 and a 12-month high of $15.10. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 18.49 and a beta of 2.31. The firm has a 50 day moving average of $14.43 and a 200 day moving average of $13.46.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts anticipate that Antero Midstream will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AM. NBW Capital LLC grew its stake in shares of Antero Midstream by 2.1% in the 1st quarter. NBW Capital LLC now owns 539,409 shares of the pipeline company’s stock worth $7,584,000 after buying an additional 11,315 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Antero Midstream by 46.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after acquiring an additional 1,008,515 shares during the last quarter. Cetera Advisors LLC grew its position in Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after acquiring an additional 129,561 shares in the last quarter. Cetera Investment Advisers increased its stake in Antero Midstream by 89.4% during the first quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company’s stock worth $6,786,000 after acquiring an additional 227,855 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Antero Midstream during the first quarter valued at approximately $152,000. 53.97% of the stock is owned by institutional investors.

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.