Antero Midstream (AM) Receives a Sell from Morgan Stanley


In a report released today, Devin McDermott from Morgan Stanley maintained a Sell rating on Antero Midstream (AM), with a price target of $8.00. The company’s shares closed last Monday at $8.11.

According to TipRanks.com, McDermott is a 1-star analyst with an average return of 0.0% and a 49.3% success rate. McDermott covers the Utilities sector, focusing on stocks such as Western Midstream Partners, Hess Midstream Partners, and Occidental Petroleum.

Antero Midstream has an analyst consensus of Hold, with a price target consensus of $8.00.

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The company has a one-year high of $9.52 and a one-year low of $1.69. Currently, Antero Midstream has an average volume of 5.38M.

Based on the recent corporate insider activity of 33 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 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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