Antero Midstream Corporation (NYSE:AM – Get Free Report) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.00.
Several research firms recently commented on AM. UBS Group upped their target price on Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, March 25th. Wells Fargo & Company upped their target price on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. The Goldman Sachs Group upped their target price on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley upgraded 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.
Check Out Our Latest Stock Report on Antero Midstream
Insider Transactions at Antero Midstream
Institutional Investors Weigh In On Antero Midstream
A number of institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 537 shares during the period. PNC Financial Services Group Inc. grew its position in Antero Midstream by 2.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock valued at $489,000 after acquiring an additional 537 shares during the period. Hantz Financial Services Inc. grew its position in Antero Midstream by 23.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock valued at $59,000 after acquiring an additional 617 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Antero Midstream by 0.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 120,765 shares of the pipeline company’s stock worth $2,148,000 after buying an additional 660 shares during the period. Finally, Choreo LLC boosted its position in shares of Antero Midstream by 5.0% in the fourth quarter. Choreo LLC now owns 14,183 shares of the pipeline company’s stock worth $253,000 after buying an additional 679 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.
Antero Midstream Stock Performance
NYSE AM opened at $21.97 on Friday. Antero Midstream has a fifty-two week low of $16.77 and a fifty-two week high of $23.83. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 25.55 and a beta of 0.68. The business has a fifty day moving average of $22.20 and a 200-day moving average of $19.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.89.
Antero Midstream (NYSE:AM – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $314.21 million during the quarter, compared to analyst estimates of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. As a group, analysts predict that Antero Midstream will post 1.14 earnings per share for the current fiscal year.
Antero Midstream Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, April 29th. Antero Midstream’s payout ratio is 104.65%.
About Antero Midstream
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.
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