Antero Midstream Corp (NYSE:AM) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 50,680,000 shares, a decline of 9.1% from the September 30th total of 55,780,000 shares. Based on an average daily trading volume, of 7,120,000 shares, the short-interest ratio is presently 7.1 days. Approximately 20.3% of the company’s stock are short sold.
In other news, insider Yorktown Energy Partners Viii, sold 12,713 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $48.31, for a total value of $614,165.03. Also, Director W Howard Keenan, Jr. sold 2,855,848 shares of Antero Midstream stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $6.81, for a total transaction of $19,448,324.88. In the last ninety days, insiders sold 25,848,998 shares of company stock worth $169,901,689.
Large investors have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV purchased a new stake in Antero Midstream during the 3rd quarter worth approximately $32,000. Lee Financial Co purchased a new stake in Antero Midstream during the 2nd quarter worth approximately $61,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at $65,000. Nisa Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at $74,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at $78,000. 57.27% of the stock is currently owned by institutional investors.
NYSE:AM opened at $5.01 on Tuesday. The company has a market cap of $2.71 billion, a PE ratio of 15.18, a P/E/G ratio of 1.14 and a beta of 1.29. Antero Midstream has a twelve month low of $4.97 and a twelve month high of $15.45. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $6.88 and its two-hundred day moving average is $9.35.
Antero Midstream (NYSE:AM) last released its earnings results on Tuesday, October 29th. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.19. The company had revenue of $243.80 million for the quarter, compared to the consensus estimate of $269.56 million. Antero Midstream had a negative net margin of 32.31% and a positive return on equity of 13.53%. The company’s quarterly revenue was up 544.6% on a year-over-year basis. As a group, analysts expect that Antero Midstream will post 0.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, November 1st were given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 24.59%. The ex-dividend date was Thursday, October 31st. Antero Midstream’s dividend payout ratio is presently 372.73%.
A number of brokerages have recently issued reports on AM. Barclays set a $8.00 price objective on shares of Antero Midstream and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Stifel Nicolaus downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $11.00 in a research report on Thursday, August 1st. Robert W. Baird cut their price objective on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, September 9th. UBS Group downgraded shares of Antero Midstream from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $13.00 in a research report on Thursday, August 1st. Finally, Wells Fargo & Co downgraded shares of Antero Midstream from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $10.00 to $8.00 in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $13.10.
Antero Midstream Company Profile
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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