Zacks: Analysts Anticipate Antero Midstream Partners LP (AM) Will Announce Quarterly Sales of $203.79 Million
Equities research analysts expect Antero Midstream Partners LP (NYSE:AM) to post $203.79 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Antero Midstream Partners’ earnings, with the highest sales estimate coming in at $215.75 million and the lowest estimate coming in at $193.40 million. Antero Midstream Partners posted sales of $150.48 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.4%. The business is expected to report its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Antero Midstream Partners will report full-year sales of $203.79 million for the current year, with estimates ranging from $747.57 million to $801.43 million. For the next fiscal year, analysts expect that the firm will post sales of $931.63 million per share, with estimates ranging from $823.40 million to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Antero Midstream Partners.
A number of research analysts recently issued reports on AM shares. Morgan Stanley reiterated an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a report on Tuesday, May 30th. Zacks Investment Research downgraded Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) started coverage on Antero Midstream Partners in a report on Monday, May 29th. They set a “buy” rating and a $45.00 price objective for the company. Barclays PLC reiterated an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a report on Tuesday, May 30th. Finally, BidaskClub downgraded Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Antero Midstream Partners has an average rating of “Buy” and a consensus price target of $38.50.
A number of hedge funds have recently bought and sold shares of AM. Kayne Anderson Capital Advisors LP grew its stake in Antero Midstream Partners by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,700 shares of the pipeline company’s stock valued at $98,460,000 after purchasing an additional 697,000 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Antero Midstream Partners by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 1,921,960 shares of the pipeline company’s stock valued at $63,732,000 after purchasing an additional 643,340 shares in the last quarter. Bank of Montreal Can grew its stake in Antero Midstream Partners by 98.7% in the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after purchasing an additional 552,241 shares in the last quarter. Eagle Global Advisors LLC grew its stake in Antero Midstream Partners by 125.0% in the second quarter. Eagle Global Advisors LLC now owns 721,188 shares of the pipeline company’s stock valued at $23,929,000 after purchasing an additional 400,688 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its stake in Antero Midstream Partners by 33.9% in the first quarter. Atlantic Trust Group LLC now owns 1,581,678 shares of the pipeline company’s stock valued at $52,448,000 after purchasing an additional 400,139 shares in the last quarter. Hedge funds and other institutional investors own 43.25% of the company’s stock.
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Shares of Antero Midstream Partners (NYSE AM) traded up 0.77% during midday trading on Friday, hitting $31.45. The company had a trading volume of 402,903 shares. The firm has a market capitalization of $5.87 billion, a P/E ratio of 21.37 and a beta of 1.96. Antero Midstream Partners has a 12-month low of $24.61 and a 12-month high of $35.74. The firm’s 50-day moving average is $32.93 and its 200-day moving average is $33.41.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Thursday, August 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.07%. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, August 1st. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.
About Antero Midstream Partners
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.
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