Goldman Sachs analyst John Mackay maintained a Hold rating on Antero Midstream (AM – Research Report) yesterday. The company’s shares closed last Friday at $12.26.
According to TipRanks, Mackay is a 4-star analyst with an average return of 12.5% and a 64.71% success rate. Mackay covers the Energy sector, focusing on stocks such as Kinder Morgan, Energy Transfer, and Enterprise Products Partners.
Currently, the analyst consensus on Antero Midstream is a Moderate Sell with an average price target of $14.00.
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Based on Antero Midstream’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $263.84 million and a net profit of $97.82 million. In comparison, last year the company earned a revenue of $231.03 million and had a net profit of $84.01 million
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Antero Midstream (AM) Company Description:
Antero Midstream Corp. owns, operates and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the following segments: Gathering and Processing and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio. The gathering and processing segment also includes equity in earnings from the Company’s investments in the Joint Venture and Stonewall. The Water Handling segment includes two independent systems that deliver fresh water from sources including the Ohio River, local reservoirs and several regional waterways. The company was founded on September 23, 2013 and is headquartered in Denver, CO.
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