Antero Midstream (NYSE:AM) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a report released on Thursday.

Separately, Tudor, Pickering, Holt & Co. cut Antero Midstream from a buy rating to a hold rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Antero Midstream has a consensus rating of Hold and an average price target of $12.70.

Antero Midstream Price Performance

Shares of AM opened at $14.19 on Thursday. Antero Midstream has a 1 year low of $9.69 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 0.95. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.74 and a beta of 2.25. The business has a 50-day moving average of $13.70 and a 200-day moving average of $12.94.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data 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 20.82% and a net margin of 36.67%. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Midstream will post 0.96 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Antero Midstream during the fourth quarter valued at approximately $54,704,000. Jennison Associates LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $11,338,000. BNP Paribas Financial Markets boosted its position in shares of Antero Midstream by 1,114.6% during the fourth quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock valued at $8,034,000 after buying an additional 588,397 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Antero Midstream by 157.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock valued at $11,619,000 after buying an additional 566,604 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Antero Midstream by 50.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,513,473 shares of the pipeline company’s stock valued at $18,964,000 after buying an additional 507,577 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

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.