Antero Midstream Corp (NYSE:AM) Receives $8.38 Consensus Price Target from Brokerages

Antero Midstream Corp (NYSE:AM) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $8.38.

A number of equities analysts have commented on the stock. Citigroup cut shares of Antero Midstream from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. ValuEngine raised shares of Antero Midstream from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. lowered shares of Antero Midstream from a “neutral” rating to an “underweight” rating in a report on Tuesday, April 28th. Finally, Zacks Investment Research lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research note on Tuesday, June 2nd.

Shares of NYSE AM opened at $5.29 on Friday. The company has a fifty day moving average price of $5.33 and a 200 day moving average price of $4.77. Antero Midstream has a 1-year low of $1.69 and a 1-year high of $11.84. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.20. The firm has a market cap of $2.55 billion, a PE ratio of -3.46 and a beta of 3.70.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Antero Midstream had a negative net margin of 77.14% and a positive return on equity of 16.99%. The firm had revenue of $243.71 million during the quarter, compared to the consensus estimate of $239.49 million. During the same quarter last year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 350.4% on a year-over-year basis. Equities research analysts forecast that Antero Midstream will post 0.75 EPS for the current year.

In other news, CEO Paul M. Rady sold 18,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $4.10, for a total transaction of $73,800,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Glen C. Warren, Jr. sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $4.10, for a total value of $41,000,000.00. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of AM. JGP Wealth Management LLC boosted its position in Antero Midstream by 20.0% during the second quarter. JGP Wealth Management LLC now owns 21,580 shares of the pipeline company’s stock worth $125,000 after purchasing an additional 3,591 shares in the last quarter. Shah Capital Management increased its stake in Antero Midstream by 11.5% in the second quarter. Shah Capital Management now owns 2,348,868 shares of the pipeline company’s stock valued at $11,979,000 after purchasing an additional 241,868 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Antero Midstream by 614.1% in the second quarter. Envestnet Asset Management Inc. now owns 390,195 shares of the pipeline company’s stock valued at $1,990,000 after purchasing an additional 335,556 shares during the last quarter. State Street Corp increased its stake in Antero Midstream by 12.3% during the first quarter. State Street Corp now owns 6,926,374 shares of the pipeline company’s stock worth $14,545,000 after acquiring an additional 760,913 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in Antero Midstream by 60.3% during the first quarter. New Mexico Educational Retirement Board now owns 70,700 shares of the pipeline company’s stock worth $148,000 after acquiring an additional 26,600 shares during the last quarter. Hedge funds and other institutional investors own 59.62% of the company’s stock.

Antero Midstream Company Profile

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.

See Also: What are Institutional Investors?

Analyst Recommendations for Antero Midstream (NYSE:AM)

Receive News & Ratings for Antero Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream and related companies with MarketBeat.com's FREE daily email newsletter.