Antero Midstream Corporation (AM) – What Are Analysts Thinking About This Stock?

Shares of Antero Midstream Corporation (NYSE:AM) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.40.

A number of research firms recently commented on AM. Capital One Financial upgraded Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Tuesday, September 22nd. Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Zacks Research lowered shares of Antero Midstream from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. UBS Group lowered their price objective on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Finally, The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research note on Tuesday, July 14th.

Institutional Trading of Antero Midstream

Large investors have recently modified their holdings of the company. BankPlus Trust Department boosted its holdings in Antero Midstream by 23.3% in the 3rd quarter. BankPlus Trust Department now owns 10,534 shares of the pipeline company’s stock valued at $212,000 after purchasing an additional 1,988 shares during the period. Allworth Financial LP raised its holdings in shares of Antero Midstream by 4.1% in the third quarter. Allworth Financial LP now owns 17,353 shares of the pipeline company’s stock worth $350,000 after buying an additional 681 shares during the last quarter. Keybank National Association OH lifted its holdings in Antero Midstream by 4.3% in the third quarter. Keybank National Association OH now owns 14,063 shares of the pipeline company’s stock valued at $284,000 after acquiring an additional 576 shares during the last quarter. Csenge Advisory Group grew its position in Antero Midstream by 40.9% in the 3rd quarter. Csenge Advisory Group now owns 13,176 shares of the pipeline company’s stock valued at $266,000 after buying an additional 3,828 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in Antero Midstream by 18.1% in the 3rd quarter. New York Life Investment Management LLC now owns 50,470 shares of the pipeline company’s stock valued at $1,017,000 after purchasing an additional 7,723 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Down 0.8%

Shares of AM opened at $19.02 on Friday. Antero Midstream has a 52 week low of $17.12 and a 52 week high of $23.83. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $8.98 billion, a P/E ratio of 13.39 and a beta of 0.71. The company has a 50-day simple moving average of $21.13 and a 200-day simple moving average of $21.60.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, October 28th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Antero Midstream had a return on equity of 33.53% and a net margin of 53.45%. The business had revenue of $327.02 million for the quarter, compared to analyst estimates of $340.62 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Antero Midstream will post 1.45 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, November 11th. Stockholders of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. Antero Midstream’s dividend payout ratio (DPR) is 63.38%.

Antero Midstream Company Profile

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company’s services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources’ operations in the Appalachian Basin, particularly in West Virginia and Ohio.