Antero Midstream Corporation (NYSE:AM) Short Interest Up 19.7% in January

Antero Midstream Corporation (NYSE:AM) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 11,990,722 shares, a growth of 19.7% from the January 15th total of 10,017,730 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 2,527,048 shares, the short-interest ratio is currently 4.7 days. Based on an average trading volume of 2,527,048 shares, the short-interest ratio is currently 4.7 days. Approximately 2.5% of the company’s shares are sold short.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on 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 owned 72,622 shares of the company’s stock, valued at $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Antero Midstream by 22.3% in the third quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after purchasing an additional 1,430,138 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Antero Midstream by 40.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 504,755 shares of the pipeline company’s stock worth $9,812,000 after buying an additional 146,300 shares during the period. Franklin Resources Inc. grew its stake in Antero Midstream by 54.3% in the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock valued at $11,637,000 after buying an additional 216,022 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Antero Midstream by 5.5% during the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock valued at $72,667,000 after acquiring an additional 194,480 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Antero Midstream by 6.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock worth $20,657,000 after acquiring an additional 60,628 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AM shares. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Morgan Stanley raised their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.50.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $20.98 on Thursday. The business has a 50-day simple moving average of $18.51 and a 200 day simple moving average of $18.30. Antero Midstream has a one year low of $15.07 and a one year high of $21.66. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 24.40 and a beta of 0.81.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $297.00 million during 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 company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. On average, 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 was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s 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.