Goldman Sachs Sticks to Their Hold Rating for Antero Midstream (AM)

Goldman Sachs analyst John Mackay maintained a Hold rating on Antero Midstream (AM – Research Report) today. The company’s shares closed today at $13.96.

According to TipRanks, Mackay is a 4-star analyst with an average return of 15.6% and a 69.35% success rate. Mackay covers the Energy sector, focusing on stocks such as Antero Midstream, Enterprise Products Partners, and TC Energy.

Currently, the analyst consensus on Antero Midstream is a Hold with an average price target of $14.33.

Based on Antero Midstream’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $260.17 million and a net profit of $100.45 million. In comparison, last year the company earned a revenue of $241.55 million and had a net profit of $82.79 million

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AM in relation to earlier this year.

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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.