Antero Midstream Corporation (AM) to Issue Quarterly Dividend of $0.23 on November 11th

Antero Midstream Corporation (NYSE:AM) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Wednesday, October 28th will be given a dividend of $0.2250 per share by the pipeline company on Wednesday, November 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 28th.

Antero Midstream has decreased its dividend by an average of 0.1% annually over the last three years. Antero Midstream has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Antero Midstream to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 69.8%.

Antero Midstream Stock Down 0.0%

Shares of AM stock opened at $20.84 on Monday. Antero Midstream has a 12 month low of $16.96 and a 12 month high of $23.83. The stock has a market cap of $9.89 billion, a P/E ratio of 24.82 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The company has a 50 day simple moving average of $21.49 and a two-hundred day simple moving average of $21.74.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $327.24 million for the quarter, compared to the consensus estimate of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, research analysts expect that Antero Midstream will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AM shares. Capital One Financial raised Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Tuesday, September 22nd. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Wells Fargo & Company upped their price target on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. UBS Group decreased their price objective on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Finally, The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus target price of $24.20.

About Antero Midstream

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.