Antero Midstream (NYSE:AM) Hits New 52-Week High – Still a Buy?

Shares of Antero Midstream Co. (NYSE:AM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.09 and last traded at $16.06, with a volume of 763677 shares. The stock had previously closed at $15.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AM shares. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday, December 18th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Antero Midstream Trading Up 2.2 %

The business has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $14.94. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $7.77 billion, a P/E ratio of 19.94 and a beta of 2.34.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Antero Midstream in the third quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Antero Midstream in the third quarter valued at $48,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Antero Midstream in the second quarter valued at $55,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after purchasing an additional 1,962 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

About Antero Midstream

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.