Morgan Stanley analyst Robert Kad maintained a Sell rating on Antero Midstream (AM – Research Report) yesterday and set a price target of $12.00. The company’s shares closed yesterday at $10.34.
Kad covers the Industrial Goods sector, focusing on stocks such as Energy Transfer, Enterprise Products Partners, and Enbridge. According to TipRanks, Kad has an average return of 8.1% and a 60.94% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Antero Midstream with a $11.50 average price target, which is an 11.22% upside from current levels. In a report released on April 26, Barclays also assigned a Sell rating to the stock with a $11.00 price target.
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The company has a one-year high of $11.13 and a one-year low of $7.84. Currently, Antero Midstream has an average volume of 2.73M.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AM in relation to earlier this year.
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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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