Antero Midstream (AM) Receives a Hold from Goldman Sachs
In a report released yesterday, John Mackay from Goldman Sachs maintained a Hold rating on Antero Midstream, with a price target of $23.00.
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Mackay covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Golar LNG. According to TipRanks, Mackay has an average return of 22.1% and a 69.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Antero Midstream with a $22.40 average price target.
Based on Antero Midstream’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $314.67 million and a net profit of $51.93 million. In comparison, last year the company earned a revenue of $305.15 million and had a net profit of $111.19 million
Based on the recent corporate insider activity of 56 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. Last month, Brooks J Klimley, a Director at AM sold 5,000.00 shares for a total of $115,800.00.
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