Antero Midstream (AM) Scheduled to Post Earnings on Wednesday

Antero Midstream (NYSE:AM) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Antero Midstream to post earnings of $0.23 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Antero Midstream (NYSE:AM) last announced its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Stock Up 0.6 %

Shares of NYSE AM opened at $14.01 on Tuesday. Antero Midstream has a 1 year low of $9.69 and a 1 year high of $14.52. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 18.19 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $13.54 and its 200-day simple moving average is $12.88.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s payout ratio is 116.88%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the transaction, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AM. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.