Shares of Antero Midstream Corp (NYSE:AM) traded down 3% during trading on Friday . The company traded as low as $6.15 and last traded at $6.23, 2,478,541 shares traded hands during mid-day trading. A decline of 56% from the average session volume of 5,662,298 shares. The stock had previously closed at $6.42.

A number of analysts have recently commented on the company. Barclays set a $8.00 price target on Antero Midstream and gave the company a “hold” rating in a research note on Tuesday, October 15th. Robert W. Baird lowered their price target on Antero Midstream from $15.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, September 9th. Raymond James cut Antero Midstream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. Wells Fargo & Co cut Antero Midstream from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $10.00 to $8.00 in a research note on Wednesday. Finally, UBS Group cut Antero Midstream from a “positive” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $13.00 in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Antero Midstream has an average rating of “Hold” and an average target price of $13.10.

The business has a 50 day moving average of $7.21 and a 200-day moving average of $9.72. 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 firm has a market capitalization of $3.15 billion, a P/E ratio of 18.67, a PEG ratio of 1.49 and a beta of 1.29.

Antero Midstream (NYSE:AM) last posted its earnings results on Tuesday, October 29th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. Antero Midstream had a positive return on equity of 13.53% and a negative net margin of 32.31%. The business had revenue of $243.80 million during the quarter, compared to analysts’ expectations of $269.56 million. Antero Midstream’s revenue was up 544.6% on a year-over-year basis. On average, analysts anticipate that Antero Midstream Corp will post 0.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, November 1st will be paid a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.23 dividend on an annualized basis and a yield of 20.00%. Antero Midstream’s payout ratio is 372.73%.

In other Antero Midstream news, insider K. Phil Yoo sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total transaction of $104,550.00. Following the completion of the transaction, the insider now owns 301,955 shares of the company’s stock, valued at approximately $2,104,626.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 2,855,848 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $6.81, for a total value of $19,448,324.88. 7.91% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Chickasaw Capital Management LLC acquired a new position in Antero Midstream during the 3rd quarter worth approximately $107,841,000. Kayne Anderson Capital Advisors LP acquired a new position in Antero Midstream during the 3rd quarter worth approximately $40,222,000. Duff & Phelps Investment Management Co. acquired a new position in Antero Midstream during the 3rd quarter worth approximately $26,865,000. Northwestern Mutual Investment Management Company LLC acquired a new position in Antero Midstream during the 3rd quarter worth approximately $12,309,000. Finally, Cadence Capital Management LLC acquired a new position in Antero Midstream during the 3rd quarter worth approximately $520,000. 55.10% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Company Profile (NYSE:AM)

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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