Equities research analysts forecast that Antero Midstream GP LP (NYSE:AMGP) will announce earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Antero Midstream GP’s earnings. Antero Midstream GP posted earnings per share of $0.03 during the same quarter last year, which would indicate a positive year-over-year growth rate of 433.3%. The company is scheduled to issue its next earnings report on Tuesday, February 12th.

On average, analysts expect that Antero Midstream GP will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.39 to $0.54. For the next financial year, analysts forecast that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $1.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last issued its earnings results on Wednesday, October 31st. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). Antero Midstream GP had a net margin of 40.12% and a return on equity of 231.93%. The business had revenue of $37.82 million during the quarter, compared to analyst estimates of $37.72 million. During the same period in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 98.3% compared to the same quarter last year.

Several equities research analysts recently weighed in on AMGP shares. Zacks Investment Research raised Antero Midstream GP from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, November 7th. Stifel Nicolaus raised Antero Midstream GP to a “buy” rating and set a $35.00 price objective on the stock in a report on Monday, August 27th. Barclays cut their price objective on Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, October 12th. ValuEngine raised Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Credit Suisse Group started coverage on Antero Midstream GP in a report on Thursday, October 11th. They set a “neutral” rating and a $20.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Antero Midstream GP currently has a consensus rating of “Buy” and a consensus target price of $21.36.

Shares of NYSE AMGP traded down $0.29 during mid-day trading on Thursday, hitting $14.63. 739,100 shares of the stock traded hands, compared to its average volume of 620,514. Antero Midstream GP has a twelve month low of $14.27 and a twelve month high of $22.39. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 487.67 and a beta of 1.11.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, November 2nd will be issued a dividend of $0.144 per share. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, November 1st. This represents a $0.58 annualized dividend and a dividend yield of 3.94%. Antero Midstream GP’s dividend payout ratio (DPR) is 1,933.33%.

In other Antero Midstream GP news, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $18.81, for a total transaction of $940,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $16.76, for a total value of $83,800.00. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlueMountain Capital Management LLC acquired a new position in Antero Midstream GP during the 3rd quarter worth about $125,000. Bank of Montreal Can acquired a new position in Antero Midstream GP during the 3rd quarter worth about $128,000. GSA Capital Partners LLP acquired a new position in Antero Midstream GP during the 3rd quarter worth about $198,000. Virtus Alternative Investment Advisers Inc. acquired a new position in Antero Midstream GP during the 3rd quarter worth about $212,000. Finally, Comerica Bank acquired a new position in Antero Midstream GP during the 3rd quarter worth about $226,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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