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

Shares of Antero Midstream Corporation (NYSE:AMGet Free Report) have been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.50.

AM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th.

View Our Latest Stock Analysis on Antero Midstream

Antero Midstream Price Performance

Shares of AM stock opened at $21.21 on Friday. The firm’s 50 day moving average price is $22.21 and its two-hundred day moving average price is $22.14. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. Antero Midstream has a 52-week low of $16.96 and a 52-week high of $23.83. The stock has a market cap of $10.07 billion, a PE ratio of 25.25 and a beta of 0.65.

Antero Midstream (NYSE:AMGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Antero Midstream will post 1.09 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the sale, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider owned 83,900 shares in the company, valued at approximately $1,846,639. This represents a 16.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Antero Midstream during the second quarter worth $869,045,000. Bank of New York Mellon Corp increased its holdings in Antero Midstream by 11.2% during the 1st quarter. Bank of New York Mellon Corp now owns 9,129,288 shares of the pipeline company’s stock worth $208,148,000 after purchasing an additional 920,948 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Antero Midstream by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock valued at $186,328,000 after purchasing an additional 1,161,684 shares during the period. Norges Bank bought a new stake in shares of Antero Midstream in the fourth quarter valued at about $66,998,000. Finally, Clearbridge Investments LLC boosted its position in shares of Antero Midstream by 1.0% during the fourth quarter. Clearbridge Investments LLC now owns 3,635,643 shares of the pipeline company’s stock worth $64,678,000 after buying an additional 37,400 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream

(Get Free Report)

Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream’s gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company’s operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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