Antero Midstream (NYSE:AM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Antero Midstream Corporation (NYSE:AM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.01 and traded as high as $18.92. Antero Midstream shares last traded at $18.78, with a volume of 2,573,831 shares changing hands.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 23rd. Finally, Zacks Research raised Antero Midstream from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.17.

Antero Midstream Price Performance

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day moving average price is $17.91 and its 200-day moving average price is $18.02. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 19.15 and a beta of 0.80.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. On average, equities research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Antero Midstream’s payout ratio is 91.84%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director directly owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Midstream

A number of hedge funds have recently bought and sold shares of AM. US Bancorp DE grew its stake in Antero Midstream by 1.6% in the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock valued at $722,000 after purchasing an additional 610 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Antero Midstream by 54.3% during the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Antero Midstream by 5.5% during the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock valued at $72,667,000 after buying an additional 194,480 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Antero Midstream by 6.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock valued at $20,657,000 after buying an additional 60,628 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in shares of Antero Midstream by 479.9% in the 3rd quarter. Bayforest Capital Ltd now owns 37,938 shares of the pipeline company’s stock valued at $738,000 after buying an additional 31,396 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.