Antero Midstream Corporation (NYSE:AM) Receives $19.17 Average Target Price from Analysts

Antero Midstream Corporation (NYSE:AM) has been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.1667.

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Morgan Stanley lifted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Wells Fargo & Company increased their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Zacks Research raised shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Finally, Wall Street Zen cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the sale, the director directly owned 72,622 shares in the company, valued at approximately $1,277,420.98. The trade was a 6.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Antero Midstream by 0.8% in the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Antero Midstream by 174.9% during the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after buying an additional 53,281 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Antero Midstream in the first quarter valued at $289,000. Goldman Sachs Group Inc. raised its holdings in shares of Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after buying an additional 1,400,368 shares during the period. Finally, Great Lakes Advisors LLC lifted its stake in Antero Midstream by 15.9% during the 1st quarter. Great Lakes Advisors LLC now owns 18,665 shares of the pipeline company’s stock worth $336,000 after acquiring an additional 2,554 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM stock opened at $18.30 on Friday. Antero Midstream has a 1 year low of $15.07 and a 1 year high of $19.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $8.71 billion, a PE ratio of 18.67 and a beta of 0.80. The business has a 50 day simple moving average of $17.85 and a 200-day simple moving average of $18.01.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s dividend payout ratio is 91.84%.

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.