Wall Street Zen upgraded shares of Antero Midstream (NYSE:AM – Free Report) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.
Several other equities research analysts have also issued reports on AM. Zacks Research lowered Antero Midstream from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. UBS Group dropped their price objective on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. Capital One Financial raised shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.40.
Get Our Latest Stock Analysis on AM
Antero Midstream Stock Performance
Shares of Antero Midstream stock opened at $20.84 on Friday. Antero Midstream has a 12 month low of $16.96 and a 12 month high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock has a market cap of $9.89 billion, a PE ratio of 14.67 and a beta of 0.72. The business has a fifty day simple moving average of $21.33 and a 200-day simple moving average of $21.56.
Antero Midstream (NYSE:AM – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Antero Midstream had a net margin of 53.45% and a return on equity of 34.66%. The company had revenue of $327.02 million for the quarter, compared to analysts’ expectations of $340.62 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Antero Midstream will post 1.23 EPS for the current fiscal year.
Antero Midstream Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. Antero Midstream’s dividend payout ratio is presently 63.38%.
Insider Buying and Selling
In other news, Director Brooks Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.
Institutional Trading of Antero Midstream
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Antero Midstream in the 2nd quarter valued at $869,045,000. Bank of New York Mellon Corp raised its position in Antero Midstream by 11.2% in the first 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. Boston Trust Walden Corp raised its holdings in shares of Antero Midstream by 2.9% in the 3rd quarter. Boston Trust Walden Corp now owns 3,551,511 shares of the pipeline company’s stock worth $71,598,000 after buying an additional 100,293 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in Antero Midstream during the second quarter worth $49,883,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Antero Midstream during the 2nd quarter worth about $46,007,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Antero Midstream
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AIāThese 5 Stocks Are Getting Paid
Receive News & Ratings for Antero Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream and related companies with MarketBeat.com's FREE daily email newsletter.
