Wells Fargo Sticks to Its Hold Rating for Antero Midstream (AM)
In a report released today, Ned Baramov from Wells Fargo maintained a Hold rating on Antero Midstream, with a price target of $23.00.
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Baramov covers the Energy sector, focusing on stocks such as Antero Midstream, Sunoco, and Western Midstream Partners. According to TipRanks, Baramov has an average return of -6.7% and a 50.00% success rate on recommended stocks.
Antero Midstream has an analyst consensus of Moderate Sell, with a price target consensus of $21.25.
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 61 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, Brooks J Klimley, a Director at AM sold 5,000.00 shares for a total of $115,800.00.
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- Antero Midstream price target raised to $23 from $18 at Goldman Sachs
- Antero Midstream Sells Utica Shale Midstream Assets for Cash
- Northern Oil, Infinity Natural adjust ownership split of Ohio Utica assets
- Antero Midstream’s Earnings Call Highlights Cash-Fueled Growth
- Antero Midstream reports Q4 adjusted EPS 28c, consensus 27c
