Antero Midstream (AM) Receives a Hold from Morgan Stanley

In a report released today, Robert Kad from Morgan Stanley maintained a Hold rating on Antero Midstream, with a price target of $21.31.

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According to TipRanks, Kad is a 4-star analyst with an average return of 9.3% and a 61.04% success rate. Kad covers the Energy sector, focusing on stocks such as Targa Resources, Hess Midstream Partners, and Williams Co.

In a report released on May 10, 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 March 31, the company reported a quarterly revenue of $335.42 million and a net profit of $118.27 million. In comparison, last year the company earned a revenue of $308.8 million and had a net profit of $120.74 million

Based on the recent corporate insider activity of 58 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. Earlier this month, Yvette K Schultz, the SVP – Legal, Chief Compliance Officer, GC and Corporate Secretary of AM sold 69,269.00 shares for a total of $1,516,991.10.