In a report released today, James Yaro from Goldman Sachs downgraded Antero Midstream (AM – Research Report) to a Hold, with a price target of $32.00. The company’s shares closed yesterday at $11.82.
Yaro covers the Financial sector, focusing on stocks such as Jefferies, Evercore Partners, and Lazard. According to TipRanks, Yaro has an average return of -0.3% and a 55.56% success rate on recommended stocks.
Currently, the analyst consensus on Antero Midstream is a Moderate Sell with an average price target of $19.00.
See Insiders’ Hot Stocks on TipRanks >>
AM market cap is currently $5.67B and has a P/E ratio of 16.74.
Based on the recent corporate insider activity of 45 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on AM:
