Brokerages expect Antero Midstream Partners LP (NYSE:AM) to announce $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Antero Midstream Partners’ earnings, with estimates ranging from $0.35 to $0.47. Antero Midstream Partners reported earnings of $0.33 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is expected to report its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Antero Midstream Partners will report full-year earnings of $1.68 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.79. For the next fiscal year, analysts forecast that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.62 to $2.20. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Antero Midstream Partners.

Antero Midstream Partners (NYSE:AM) last released its earnings results on Wednesday, August 1st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). The firm had revenue of $250.98 million during the quarter, compared to analysts’ expectations of $233.23 million. Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%.

Several research firms recently issued reports on AM. Barclays reduced their target price on shares of Antero Midstream Partners from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, June 12th. JPMorgan Chase & Co. increased their target price on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Stifel Nicolaus lowered shares of Antero Midstream Partners from a “buy” rating to a “hold” rating and reduced their target price for the stock from $37.00 to $35.00 in a report on Thursday, August 2nd. Citigroup increased their target price on shares of Antero Midstream Partners from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, Wells Fargo & Co increased their target price on shares of Antero Midstream Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Antero Midstream Partners currently has an average rating of “Buy” and a consensus target price of $34.77.

Antero Midstream Partners stock traded down $0.63 during midday trading on Monday, hitting $30.08. The stock had a trading volume of 550,773 shares, compared to its average volume of 556,281. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 21.49 and a beta of 1.78. Antero Midstream Partners has a 52-week low of $24.20 and a 52-week high of $34.18. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Thursday, August 2nd were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.52%. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 1st. Antero Midstream Partners’s dividend payout ratio is presently 118.57%.

A number of hedge funds have recently bought and sold shares of the business. Global X Management Co LLC boosted its stake in Antero Midstream Partners by 22.8% in the 2nd quarter. Global X Management Co LLC now owns 1,213,416 shares of the pipeline company’s stock worth $35,820,000 after purchasing an additional 224,980 shares during the period. MAI Capital Management boosted its stake in Antero Midstream Partners by 17.0% in the 2nd quarter. MAI Capital Management now owns 165,959 shares of the pipeline company’s stock worth $4,899,000 after purchasing an additional 24,134 shares during the period. Jane Street Group LLC bought a new position in Antero Midstream Partners in the 2nd quarter worth approximately $542,000. California Public Employees Retirement System boosted its stake in Antero Midstream Partners by 115.4% in the 2nd quarter. California Public Employees Retirement System now owns 32,843 shares of the pipeline company’s stock worth $970,000 after purchasing an additional 17,593 shares during the period. Finally, Lake Street Advisors Group LLC bought a new position in shares of Antero Midstream Partners during the 2nd quarter valued at approximately $577,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

About Antero Midstream Partners

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

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