Antero Midstream Corporation (NYSE:AM) Receives Average Rating of “Hold” from Brokerages

Shares of Antero Midstream Corporation (NYSE:AM) have received a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.8333.

Several equities research analysts have issued reports on the company. Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. The Goldman Sachs Group boosted their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research note on Monday, August 18th. Wells Fargo & Company raised their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of Antero Midstream by 7.1% in the first quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock worth $170,000 after buying an additional 629 shares in the last quarter. Private Advisor Group LLC increased its stake in Antero Midstream by 1.6% in the 1st quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company’s stock worth $733,000 after acquiring an additional 640 shares during the last quarter. Choreo LLC raised its holdings in shares of Antero Midstream by 19.3% in the 1st quarter. Choreo LLC now owns 16,462 shares of the pipeline company’s stock valued at $296,000 after acquiring an additional 2,668 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Antero Midstream during the 1st quarter valued at about $2,720,000. Finally, Applied Finance Capital Management LLC bought a new stake in shares of Antero Midstream during the 1st quarter valued at about $215,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Trading Up 1.2%

Shares of AM opened at $18.01 on Friday. Antero Midstream has a fifty-two week low of $14.22 and a fifty-two week high of $19.82. The business has a 50-day moving average of $18.22 and a 200 day moving average of $18.18. The firm has a market cap of $8.58 billion, a P/E ratio of 18.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, research analysts forecast that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were paid a $0.225 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $0.90 annualized dividend and a yield of 5.0%. Antero Midstream’s dividend payout ratio is currently 91.84%.

About Antero Midstream

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.