Morgan Stanley Reaffirms Their Sell Rating on Antero Midstream (AM)
Morgan Stanley analyst Robert Kad maintained a Sell rating on Antero Midstream today and set a price target of $20.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Kad is a 4-star analyst with an average return of 7.9% and a 60.41% success rate. Kad covers the Energy sector, focusing on stocks such as Energy Transfer, Enterprise Products Partners, and Oneok.
In addition to Morgan Stanley, Antero Midstream also received a Sell from J.P. Morgan’s Jeremy Tonet in a report issued on January 26. However, on January 15, TipRanks – Google initiated coverage with a Buy rating on Antero Midstream (NYSE: AM).
Based on Antero Midstream’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $312.49 million and a net profit of $115.98 million. In comparison, last year the company earned a revenue of $287.54 million and had a net profit of $99.74 million
Based on the recent corporate insider activity of 59 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.
Read More on AM:
