Antero Midstream Corporation (NYSE:AM) Receives Average Rating of “Hold” from Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.50.

Several equities analysts have weighed in on the stock. Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group raised their price objective on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, March 25th. Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. Wells Fargo & Company increased their price objective on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group boosted their target price on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th.

Insider Transactions at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.16, for a total transaction of $115,800.00. Following the sale, the director owned 69,680 shares in the company, valued at $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the transaction, the insider directly owned 649,834 shares of the company’s stock, valued at $14,822,713.54. The trade was a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 44,000 shares of company stock valued at $1,004,690. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of 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 purchasing an additional 1,430,138 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Antero Midstream by 40.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 504,755 shares of the pipeline company’s stock valued at $9,812,000 after acquiring an additional 146,300 shares in the last quarter. American Century Companies Inc. boosted its stake in Antero Midstream by 21.0% in the 3rd quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock worth $59,913,000 after purchasing an additional 535,245 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Antero Midstream in the 3rd quarter worth $2,676,000. Finally, Chickasaw Capital Management LLC increased its holdings in Antero Midstream by 11.7% during the 4th quarter. Chickasaw Capital Management LLC now owns 1,409,183 shares of the pipeline company’s stock worth $25,069,000 after purchasing an additional 147,250 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM opened at $22.74 on Friday. The company has a 50-day moving average of $21.54 and a two-hundred day moving average of $19.30. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 26.45 and a beta of 0.75. 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 has a one year low of $15.07 and a one year high of $23.83.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $297.00 million for the quarter, compared to analyst estimates of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. 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 earned $0.23 EPS. On average, equities research analysts expect that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. Antero Midstream’s dividend payout ratio 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.