Wells Fargo Downgrades Antero Midstream Stock Rating

Antero Midstream (NYSE:AM) recently faced a downgrade by analysts at Wells Fargo & Company. In a research report released on Wednesday, they decreased their rating from "overweight" to "equal weight". Additionally, they have set a price target of $16.00 for the company's stock.

This target price indicates a potential upside of 8.25% based on Antero Midstream's previous closing price.

Other Analyst Recommendations

Antero Midstream has been discussed in multiple analyst reports. For example, StockNews.com upgraded the stocks from a "hold" to a "buy" rating on December 11th. In another report, Morgan Stanley raised their price target for Antero Midstream from $15.00 to $16.00 but maintained an "underweight" rating.

Antero Midstream's Stock Performance

As of Wednesday, the shares of AM opened at $14.78. The company has a 50-day moving average of $15.24 and a 200-day moving average of $14.85. Currently, Antero Midstream has a market capitalization of $7.11 billion, a price-to-earnings ratio of 18.25, and a beta of 2.39. The company's quick and current ratios are both 1.09, while the debt-to-equity ratio is 1.49. Over the past year, the stock has a low of $11.58 and a high of $16.00.

Insider Activity

In other news regarding insider trading, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream on November 5th, with an average selling price of $14.66, totaling $146,600. Following this transaction, the director holds 74,100 shares valued at approximately $1,086,306, representing an 11.89% decrease in their position. This sale has been documented in a filing with the SEC.

Institutional Holdings

Recent activity by hedge funds shows a mix of increased and decreased stakes in Antero Midstream. For example, Stifel Financial Corp raised its holdings by 0.8% in the third quarter and now owns 83,452 shares, valued at $1,256,000. In the second quarter, First Horizon Advisors Inc. boosted its holdings by 24.2%, while Coldstream Capital Management Inc. increased its position by 6.1% recently. Overall, institutional investors and hedge funds hold approximately 53.97% of the company’s stock.

Company Overview

Antero Midstream Corporation operates within the Appalachian Basin, focusing on midstream energy assets. The company is divided into two segments: Gathering and Processing, and Water Handling. The Gathering and Processing segment consists of a network of pipelines and compressor stations that collect and process production from Antero Resources' wells located in West Virginia and Ohio.

Antero, Midstream, WellsFargo