Antero Midstream (NYSE:AM) Price Target Raised to $20.00 at Morgan Stanley

Antero Midstream (NYSE:AM) had its price target hoisted by analysts at Morgan Stanley from $19.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the pipeline company’s stock. Morgan Stanley’s price target suggests a potential upside of 11.76% from the stock’s current price.

A number of other research firms have also commented on AM. The Goldman Sachs Group increased their price target on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Weiss Ratings cut shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.83.

Antero Midstream Price Performance

Antero Midstream stock traded down $0.10 during mid-day trading on Wednesday, hitting $17.90. The company’s stock had a trading volume of 513,613 shares, compared to its average volume of 2,886,756. The stock has a market capitalization of $8.52 billion, a P/E ratio of 18.24 and a beta of 0.88. Antero Midstream has a twelve month low of $14.22 and a twelve month high of $19.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock’s fifty day moving average price is $18.36 and its two-hundred day moving average price is $18.16.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The company had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. During the same quarter in the prior year, the company posted $0.21 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Antero Midstream will post 0.95 earnings per share for the current year.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares of the company’s stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of Antero Midstream by 21.0% in the third quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock valued at $59,913,000 after purchasing an additional 535,245 shares in the last quarter. Intech Investment Management LLC grew its position in Antero Midstream by 116.1% during the 3rd quarter. Intech Investment Management LLC now owns 458,609 shares of the pipeline company’s stock valued at $8,915,000 after purchasing an additional 246,384 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Antero Midstream in the third quarter worth about $630,000. Kayne Anderson Capital Advisors LP lifted its stake in shares of Antero Midstream by 27.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 3,602,274 shares of the pipeline company’s stock worth $70,028,000 after buying an additional 776,851 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Antero Midstream during the third quarter valued at approximately $680,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

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.