Shares of Antero Midstream Corp (NYSE:AM) have earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.25.
Several brokerages have issued reports on AM. ValuEngine cut shares of Antero Midstream from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Wells Fargo & Co lowered shares of Antero Midstream from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $10.00 to $8.00 in a report on Wednesday, November 6th. Raymond James cut shares of Antero Midstream from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. Barclays set a $8.00 price objective on shares of Antero Midstream and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Robert W. Baird cut their price objective on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, September 9th.
Shares of AM traded up $0.18 during midday trading on Friday, reaching $4.59. 6,890,469 shares of the stock were exchanged, compared to its average volume of 4,909,631. Antero Midstream has a 52 week low of $4.26 and a 52 week high of $14.86. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $6.15 and its two-hundred day moving average is $8.76. The company has a market capitalization of $2.31 billion, a P/E ratio of 13.91, a PEG ratio of 0.90 and a beta of 1.13.
Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Tuesday, October 29th. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.20 by $0.19. The firm had revenue of $243.80 million for the quarter, compared to analyst estimates of $269.56 million. Antero Midstream had a positive return on equity of 13.53% and a negative net margin of 32.31%. The business’s quarterly revenue was up 544.6% on a year-over-year basis. On average, sell-side analysts expect that Antero Midstream will post 0.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, November 1st were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 26.84%. The ex-dividend date was Thursday, October 31st. Antero Midstream’s payout ratio is currently 372.73%.
In other news, insider Yorktown Energy Partners Viii, sold 12,713 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.31, for a total transaction of $614,165.03. Also, Director Peter Kagan sold 22,965,437 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $6.52, for a total value of $149,734,649.24. Following the sale, the director now owns 49,722 shares of the company’s stock, valued at approximately $324,187.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,833,998 shares of company stock worth $169,797,139.
Institutional investors and hedge funds have recently bought and sold shares of the company. Chickasaw Capital Management LLC purchased a new position in Antero Midstream in the 3rd quarter worth $107,841,000. State Street Corp purchased a new position in Antero Midstream during the 3rd quarter worth approximately $41,584,000. Kayne Anderson Capital Advisors LP acquired a new stake in Antero Midstream during the 3rd quarter valued at approximately $40,222,000. Duff & Phelps Investment Management Co. acquired a new stake in Antero Midstream during the 3rd quarter valued at approximately $26,865,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at $12,309,000. Hedge funds and other institutional investors own 67.33% of the company’s stock.
About Antero Midstream
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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