Wells Fargo Downgrades Antero Midstream Stock Rating

Wells Fargo & Company recently announced a downgrade for Antero Midstream (NYSE:AM), reducing their rating from "overweight" to "equal weight." This change was detailed in a research report released on Wednesday. In conjunction with this downgrade, Wells Fargo set a price target of $16.00 for Antero Midstream's stock. This target price implies a potential upside of approximately 8.25% based on the stock's previous closing price.

Antero Midstream has garnered attention from various analysts recently. For example, on December 11th, StockNews.com upgraded Antero Midstream's rating from "hold" to "buy." Additionally, Morgan Stanley increased their price target for Antero Midstream from $15.00 to $16.00, while maintaining an "underweight" rating in a note published on August 27th.

Antero Midstream Stock Overview

Shares of Antero Midstream opened at $14.78 on Wednesday. The pipeline company currently has a 50-day moving average price of $15.24 and a 200-day moving average of $14.85. Antero Midstream boasts a market capitalization of $7.11 billion, with a price-to-earnings ratio of 18.25. The stock also has a beta of 2.39, indicating higher volatility compared to the market. Financial ratios include a quick ratio and current ratio of 1.09, along with a debt-to-equity ratio of 1.49. In the past year, the stock has ranged between a 52-week low of $11.58 and a high of $16.00.

Insider Transactions

In other developments, Director Brooks J. Klimley made headlines by selling 10,000 shares of Antero Midstream on November 5th. This sale occurred at an average price of $14.66, amounting to a total of $146,600. Following this transaction, Klimley's direct ownership in Antero Midstream decreased by 11.89%, leaving him with 74,100 shares valued at over $1 million. This transaction was formally disclosed in a filing with the SEC.

Institutional Investors' Activity

Institutional trading activity has also been notable. Stifel Financial Corp increased its holdings in Antero Midstream by 0.8% in the third quarter, now owning 83,452 shares valued at approximately $1.26 million. Similarly, First Horizon Advisors raised its stake by 24.2% during the second quarter, acquiring an additional 688 shares. Coldstream Capital Management and Wedmont Private Capital made comparable enhancements to their positions in Antero Midstream. Currently, institutional investors and hedge funds collectively own around 53.97% of Antero Midstream's shares.

Company Profile

Antero Midstream Corporation is engaged in the ownership, operation, and development of midstream energy assets primarily in the Appalachian Basin. Their operations include two main segments: Gathering and Processing, which includes a network of pipelines and compressor stations, and Water Handling, which involves the management of water resources related to the production of energy.

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