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

Antero Midstream Corporation (NYSE:AMGet Free Report) has earned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $24.25.

A number of equities analysts recently commented on AM shares. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research report on Tuesday, July 14th. Morgan Stanley raised Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 25th.

View Our Latest Stock Analysis on AM

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the transaction, the insider directly owned 580,565 shares in the company, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael N. Kennedy sold 100,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the completion of the sale, the insider directly owned 1,500,594 shares of the company’s stock, valued at approximately $32,893,020.48. This trade represents a 6.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AM. Arax Advisory Partners increased its stake in Antero Midstream by 83.9% during the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 791 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Antero Midstream by 68.1% in the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Antero Midstream by 36.4% during the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Antero Midstream by 219,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 2,199 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Antero Midstream by 401.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after purchasing an additional 2,224 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Trading Down 0.7%

Shares of Antero Midstream stock opened at $21.59 on Thursday. The stock has a market cap of $10.26 billion, a P/E ratio of 25.11 and a beta of 0.64. The stock’s 50 day simple moving average is $22.04 and its 200-day simple moving average is $21.51. Antero Midstream has a 1-year low of $16.84 and a 1-year high of $23.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99.

Antero Midstream (NYSE:AMGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. During the same quarter last year, the company earned $0.25 earnings per share. Antero Midstream’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Antero Midstream will post 1.1 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 104.65%.

Antero Midstream Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Antero Midstream (NYSE:AM)

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