Antero Midstream Corp (NYSE:AM) CEO Paul M. Rady sold 8,600,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $5.40, for a total value of $46,440,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:AM opened at $5.72 on Tuesday. The stock’s 50-day moving average price is $6.53 and its two-hundred day moving average price is $4.87. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.22. Antero Midstream Corp has a 12-month low of $1.69 and a 12-month high of $8.45. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -3.84 and a beta of 3.67.
Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Antero Midstream had a positive return on equity of 20.02% and a negative net margin of 78.04%. The firm had revenue of $219.74 million for the quarter, compared to analyst estimates of $214.87 million. During the same period last year, the company earned $0.15 EPS. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. As a group, research analysts forecast that Antero Midstream Corp will post 0.8 earnings per share for the current fiscal year.
Several analysts have weighed in on AM shares. Zacks Investment Research lowered Antero Midstream from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Tuesday, June 2nd. ValuEngine lowered Antero Midstream from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Goldman Sachs Group assumed coverage on Antero Midstream in a research note on Wednesday, September 9th. They set a “neutral” rating and a $6.00 price objective on the stock. Raymond James reaffirmed a “hold” rating on shares of Antero Midstream in a research note on Thursday, August 6th. Finally, Wells Fargo & Company reissued a “sell” rating and issued a $5.00 price target (up from $4.00) on shares of Antero Midstream in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.13.
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Several institutional investors have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK purchased a new position in shares of Antero Midstream in the 2nd quarter worth about $88,000. PNC Financial Services Group Inc. raised its holdings in shares of Antero Midstream by 10.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 36,435 shares of the pipeline company’s stock worth $185,000 after purchasing an additional 3,583 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Antero Midstream by 174.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,788,717 shares of the pipeline company’s stock worth $14,222,000 after purchasing an additional 1,774,079 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Antero Midstream by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,904,029 shares of the pipeline company’s stock worth $9,711,000 after purchasing an additional 39,769 shares during the period. Finally, Brave Warrior Advisors LLC raised its holdings in shares of Antero Midstream by 139.1% in the 2nd quarter. Brave Warrior Advisors LLC now owns 7,081,150 shares of the pipeline company’s stock worth $36,114,000 after purchasing an additional 4,119,589 shares during the period. Institutional investors own 56.60% 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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