Antero Midstream (NYSE:AM) PT Lowered to $9.00

Antero Midstream (NYSE:AM) had its price target lowered by Robert W. Baird from $15.00 to $9.00 in a research note released on Monday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the pipeline company’s stock.

Several other research analysts also recently commented on the company. ValuEngine downgraded Antero Midstream from a sell rating to a strong sell rating in a research note on Friday, July 19th. UBS Group downgraded Antero Midstream from a positive rating to a neutral rating and cut their target price for the stock from $17.00 to $13.00 in a research note on Thursday, August 1st. Raymond James downgraded Antero Midstream from an outperform rating to a market perform rating in a research note on Wednesday, August 28th. Stifel Nicolaus downgraded Antero Midstream from a buy rating to a hold rating and cut their target price for the stock from $14.00 to $11.00 in a research note on Thursday, August 1st. Finally, Mitsubishi UFJ Financial Group downgraded Antero Midstream from an overweight rating to a neutral rating and cut their target price for the stock from $17.00 to $13.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $17.00.

AM stock opened at $7.45 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.66 and a beta of 1.30. Antero Midstream has a fifty-two week low of $6.55 and a fifty-two week high of $18.82. The stock has a fifty day moving average of $7.74 and a 200-day moving average of $12.48.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). Antero Midstream had a return on equity of 10.52% and a net margin of 29.31%. The firm had revenue of $255.62 million for the quarter, compared to the consensus estimate of $283.69 million. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts predict that Antero Midstream will post 0.75 EPS for the current year.

In other news, insider K. Phil Yoo sold 15,000 shares of Antero Midstream stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total transaction of $104,550.00. Following the completion of the sale, the insider now owns 301,955 shares in the company, valued at approximately $2,104,626.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 2,855,848 shares of Antero Midstream stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $6.81, for a total value of $19,448,324.88.

Several institutional investors and hedge funds have recently modified their holdings of AM. HITE Hedge Asset Management LLC purchased a new position in shares of Antero Midstream during the 1st quarter valued at about $14,162,000. Cypress Wealth Advisors LLC raised its holdings in shares of Antero Midstream by 80.9% during the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock valued at $1,247,000 after buying an additional 40,486 shares in the last quarter. Pinnacle Holdings LLC raised its holdings in shares of Antero Midstream by 2.1% during the 2nd quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock valued at $3,643,000 after buying an additional 6,528 shares in the last quarter. Finally, Lee Financial Co purchased a new position in shares of Antero Midstream during the 2nd quarter valued at about $61,000. Hedge funds and other institutional investors own 58.49% 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.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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