Antero Midstream (NYSE:AM) Cut to Neutral at UBS Group

Antero Midstream (NYSE:AM) was downgraded by research analysts at UBS Group from a “positive” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports. They currently have a $13.00 price target on the pipeline company’s stock, down from their prior price target of $17.00. UBS Group’s price objective suggests a potential upside of 54.21% from the company’s previous close.

A number of other research analysts also recently issued reports on AM. ValuEngine downgraded shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a research report on Friday, July 19th. Barclays reiterated a “hold” rating and issued a $16.00 price objective on shares of Antero Midstream in a research report on Thursday, May 9th. Raymond James downgraded shares of Antero Midstream from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Citigroup began coverage on shares of Antero Midstream in a research report on Tuesday, May 28th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.80.

NYSE AM traded down $0.69 during trading hours on Thursday, reaching $8.43. 10,324,500 shares of the company traded hands, compared to its average volume of 3,649,569. The stock has a 50 day simple moving average of $11.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Antero Midstream has a 12 month low of $8.20 and a 12 month high of $19.61. The stock has a market capitalization of $4.38 billion, a PE ratio of 25.55, a PEG ratio of 1.81 and a beta of 1.21.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07). Antero Midstream had a return on equity of 14.35% and a net margin of 35.14%. The business had revenue of $255.62 million during the quarter, compared to the consensus estimate of $283.69 million. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Antero Midstream will post 0.84 EPS for the current year.

In other Antero Midstream news, Director Yorktown Viii Associates Llc sold 1,825,600 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total transaction of $23,020,816.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider K. Phil Yoo sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $13.17, for a total transaction of $263,400.00. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Lee Financial Co acquired a new position in shares of Antero Midstream in the 2nd quarter worth approximately $61,000. Cypress Wealth Advisors LLC grew its stake in shares of Antero Midstream by 80.9% in the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares during the last quarter. JJJ Advisors Inc. increased its position in shares of Antero Midstream by 4,661.9% in the first quarter. JJJ Advisors Inc. now owns 190,284 shares of the pipeline company’s stock worth $2,622,000 after acquiring an additional 186,288 shares in the last quarter. Northern Trust Corp increased its position in shares of Antero Midstream by 0.3% in the fourth quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after acquiring an additional 512 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Antero Midstream by 15.3% in the fourth quarter. Deutsche Bank AG now owns 597,234 shares of the pipeline company’s stock worth $12,774,000 after acquiring an additional 79,115 shares in the last quarter. 58.75% of the stock is currently owned by hedge funds and other institutional investors.

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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