Antero Midstream Corporation (NYSE:AM) Given Consensus Rating of “Hold” by Brokerages

Antero Midstream Corporation (NYSE:AM) has been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.1667.

Several equities analysts recently issued reports on AM shares. Morgan Stanley boosted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday. Wells Fargo & Company lifted their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Wall Street Zen cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

Antero Midstream Stock Up 2.4%

Shares of NYSE:AM opened at $18.05 on Wednesday. The firm has a market cap of $8.59 billion, a P/E ratio of 18.41 and a beta of 0.82. Antero Midstream has a 12-month low of $14.94 and a 12-month high of $19.82. The business has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $18.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The firm had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. During the same quarter in the previous year, the company earned $0.21 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

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

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director directly owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Midstream

Several institutional investors have recently made changes to their positions in AM. Richardson Financial Services Inc. lifted its position in shares of Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 994 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Antero Midstream in the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new stake in Antero Midstream in the 3rd quarter valued at about $28,000. Global Retirement Partners LLC lifted its position in shares of Antero Midstream by 33.3% during the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after buying an additional 565 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.