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

Antero Midstream (NYSE:AM) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, MarketBeat reports. They presently have a $16.00 price target on the pipeline company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.12% from the company’s previous close.

Several other equities analysts have also weighed in on the company. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley lifted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Trading Up 2.2 %

Shares of AM opened at $14.53 on Wednesday. Antero Midstream has a twelve month low of $11.58 and a twelve month high of $16.00. The firm has a market capitalization of $6.99 billion, a P/E ratio of 17.94 and a beta of 2.39. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock’s fifty day simple moving average is $15.20 and its 200 day simple moving average is $14.85.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.