StockNews.com Upgrades Antero Midstream (NYSE:AM) to Buy

Antero Midstream (NYSE:AM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, Morgan Stanley upped their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Trading Down 0.8 %

Shares of NYSE:AM traded down $0.12 during midday trading on Thursday, hitting $15.75. 2,005,292 shares of the stock traded hands, compared to its average volume of 2,676,758. The stock has a market capitalization of $7.58 billion, a PE ratio of 19.44 and a beta of 2.35. The business’s 50 day moving average is $15.23 and its two-hundred day moving average is $14.79. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a one year low of $11.58 and a one year high of $15.90.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently bought and sold shares of AM. Russell Investments Group Ltd. grew its holdings in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock worth $415,000 after purchasing an additional 15,379 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Antero Midstream by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company’s stock worth $2,566,000 after purchasing an additional 8,167 shares during the period. Tidal Investments LLC grew its holdings in Antero Midstream by 36.7% in the first quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company’s stock worth $657,000 after purchasing an additional 12,557 shares during the period. Virtu Financial LLC purchased a new stake in Antero Midstream in the first quarter worth about $152,000. Finally, Cetera Investment Advisers grew its holdings in Antero Midstream by 89.4% in the first quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company’s stock worth $6,786,000 after purchasing an additional 227,855 shares during the period. Hedge funds and other institutional investors 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.