Wells Fargo Lowers Rating for Antero Midstream Stock

Antero Midstream (NYSE:AM) has recently received a downgrade from Wells Fargo & Company. In a research note published on Wednesday, the equities research firm lowered its rating on Antero Midstream from "overweight" to "equal weight." Alongside this adjustment, Wells Fargo assigned a target price of $16.00 for the company’s shares.

This new target price implies a potential upside of around 8.25% compared to the stock’s closing price prior to the downgrade.

Recent Analyst Opinions

Antero Midstream has been featured in several analysts' reports lately. For instance, StockNews.com upgraded the company's rating from "hold" to "buy" in a note dated December 11th. Meanwhile, Morgan Stanley also adjusted its price target for Antero Midstream—raising it from $15.00 to $16.00, although they maintained an "underweight" rating.

Antero Midstream Stock Overview

On the day of the downgrade, Antero Midstream shares opened at $14.78. The company’s 50-day moving average stands at $15.24, while the 200-day moving average is $14.85. Antero Midstream has a market capitalization of $7.11 billion and a price-to-earnings (PE) ratio of 18.25. Its beta is recorded at 2.39, while both the quick ratio and current ratio are 1.09. The company holds a debt-to-equity ratio of 1.49, with a 52-week low of $11.58 and a 52-week high of $16.00.

Insider Trading Activity

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock on November 5th at an average price of $14.66, totaling approximately $146,600. Following this transaction, Klimley holds 74,100 shares valued at around $1,086,306, marking an 11.89% reduction in his holdings. This sale was documented in a disclosure filed with the SEC. Overall, corporate insiders own about 0.61% of the company's stock.

Institutional Stake Movements

Meanwhile, institutional activity surrounding Antero Midstream has been notable. In the third quarter, Stifel Financial Corp increased its stake by 0.8%, now holding 83,452 shares worth about $1.26 million. Additionally, First Horizon Advisors Inc. raised its holdings by 24.2% in the second quarter, now owning 3,528 shares valued at $52,000. Coldstream Capital Management Inc. added 6.1% to its position, owning 12,263 shares valued at $185,000. Other institutional investors, like Wedmont Private Capital and CWM LLC, have also made adjustments to their stakes in Antero Midstream. In total, 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Company Profile

Antero Midstream Corporation specializes in the ownership, operation, and development of midstream energy assets within the Appalachian Basin. The company operates through two segments: Gathering and Processing, and Water Handling. The Gathering and Processing segment manages a network of pipelines and compressor stations, which are vital for collecting and processing production from Antero Resources' wells located in West Virginia and Ohio.

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