Antero Midstream Corporation (NYSE:AM) Given Average Recommendation of “Hold” by Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have earned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.3333.

AM has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Morgan Stanley upped their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company boosted their price objective on Antero Midstream from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director owned 72,622 shares in the company, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Antero Midstream

Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Antero Midstream during the second quarter valued at approximately $80,504,000. Bank of New York Mellon Corp lifted its stake in Antero Midstream by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after acquiring an additional 1,430,138 shares in the last quarter. Orbis Allan Gray Ltd bought a new position in Antero Midstream during the 4th quarter valued at $25,084,000. Goldman Sachs Group Inc. boosted its holdings in Antero Midstream by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. Finally, SIR Capital Management L.P. grew its stake in shares of Antero Midstream by 1,086.9% in the 3rd quarter. SIR Capital Management L.P. now owns 1,383,349 shares of the pipeline company’s stock worth $26,892,000 after acquiring an additional 1,266,794 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $22.45 on Monday. The company’s 50 day moving average price is $19.09 and its two-hundred day moving average price is $18.47. The firm has a market capitalization of $10.62 billion, a P/E ratio of 26.10 and a beta of 0.77. Antero Midstream has a fifty-two week low of $15.07 and a fifty-two week high of $22.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 annualized dividend and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

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.