Antero Midstream Partners LP (AM) Expected to Earn FY2017 Earnings of $1.37 Per Share
Antero Midstream Partners LP (NYSE:AM) – Investment analysts at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for shares of Antero Midstream Partners in a report issued on Friday. Seaport Global Securities analyst B. Colson now expects that the pipeline company will post earnings per share of $1.37 for the year, down from their previous forecast of $1.39. Seaport Global Securities has a “Buy” rating and a $44.00 price objective on the stock. Seaport Global Securities also issued estimates for Antero Midstream Partners’ Q4 2017 earnings at $0.31 EPS and FY2018 earnings at $1.10 EPS.
Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Antero Midstream Partners had a return on equity of 19.38% and a net margin of 38.18%.
Shares of Antero Midstream Partners (NYSE:AM) opened at $31.70 on Monday. Antero Midstream Partners has a twelve month low of $25.71 and a twelve month high of $35.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $5,916.11, a PE ratio of 22.01, a PEG ratio of 0.90 and a beta of 1.79.
Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Department MB Financial Bank N A purchased a new position in shares of Antero Midstream Partners during the fourth quarter valued at approximately $116,000. The Manufacturers Life Insurance Company boosted its position in shares of Antero Midstream Partners by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after buying an additional 410 shares during the period. Carnick & Kubik Group LLC purchased a new position in shares of Antero Midstream Partners during the third quarter valued at approximately $227,000. Guild Investment Management Inc. purchased a new position in shares of Antero Midstream Partners during the third quarter valued at approximately $236,000. Finally, Northern Trust Corp purchased a new position in shares of Antero Midstream Partners during the second quarter valued at approximately $245,000. 49.51% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.365 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.34. This represents a $1.46 annualized dividend and a yield of 4.61%. The ex-dividend date is Wednesday, January 31st. Antero Midstream Partners’s payout ratio is presently 94.44%.
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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