Morgan Stanley upgrades Antero Midstream (AM) to a Hold
In a report released today, Robert Kad from Morgan Stanley upgraded Antero Midstream to a Hold, with a price target of $26.00.
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According to TipRanks, Kad is a 4-star analyst with an average return of 9.6% and a 62.72% success rate. Kad covers the Energy sector, focusing on stocks such as Targa Resources, Energy Transfer, and Enterprise Products Partners.
In a report released on April 19, Goldman Sachs also maintained a Hold rating on the stock with a $23.00 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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