Antero Midstream (NYSE:AM) Price Target Raised to $17.00 at Wells Fargo & Company

Antero Midstream (NYSE:AM) had its price objective upped by research analysts at Wells Fargo & Company from $16.00 to $17.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the pipeline company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 1.15% from the stock’s current price.

Separately, StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

Antero Midstream Trading Down 0.1 %

Shares of Antero Midstream stock opened at $16.81 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a 52 week low of $12.15 and a 52 week high of $16.99. The stock has a 50 day moving average price of $15.71 and a two-hundred day moving average price of $15.22. The stock has a market capitalization of $8.09 billion, a PE ratio of 20.78 and a beta of 2.31.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.16% and a return on equity of 18.91%. As a group, equities analysts anticipate that Antero Midstream will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AM. Norges Bank purchased a new position in shares of Antero Midstream during the fourth quarter valued at approximately $62,578,000. SIR Capital Management L.P. bought a new stake in Antero Midstream during the fourth quarter worth $35,058,000. Balyasny Asset Management L.P. lifted its holdings in Antero Midstream by 7,769.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock worth $15,513,000 after acquiring an additional 1,014,951 shares during the period. Northern Trust Corp lifted its holdings in Antero Midstream by 22.5% during the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock worth $61,950,000 after acquiring an additional 753,939 shares during the period. Finally, FMR LLC lifted its holdings in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after acquiring an additional 600,208 shares during the period. Hedge funds and other 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.