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StockNews.com
StockNews.com
Business
Subhasree Kar

FORGOTTEN HISTORY: Up 16 ytd is antero midstream still a buy - The Untold Story

Antero Midstream Corporation (AM) in Denver, Colo., was formed by Antero Resources Corporation (AR) in 2012 to own, operate, and develop midstream energy infrastructure to service Antero Resources’ increasing production and completion activity as well as that of neighboring operations. The company focuses on developing midstream infrastructure in two of the premier North American Shale plays–the Marcellus and Utica Shales.

AM shares have gained 29.4% in price over the past year and 9.4% over the past month to close yesterday’s trading session at $11.26. The stock has gained 16.3% in price year-to-date. However, Wall Street analysts see an 8.3% potential downside in the stock. In addition, J.P. Morgan analyst Jeremy Tonet maintained a Sell rating on AM as of March 24.

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