Antero Midstream (NYSE:AM – Get Free Report) released its earnings results on Wednesday. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), FiscalAI reports. The firm had revenue of $327.02 million during the quarter, compared to analysts’ expectations of $340.62 million. Antero Midstream had a return on equity of 34.66% and a net margin of 53.45%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share.
Antero Midstream Stock Down 0.1%
NYSE:AM traded down $0.03 during trading hours on Friday, reaching $21.50. 443,005 shares of the company traded hands, compared to its average volume of 2,608,926. The business’s 50-day moving average price is $21.37 and its two-hundred day moving average price is $21.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream has a 1 year low of $16.96 and a 1 year high of $23.83. The stock has a market capitalization of $10.20 billion, a P/E ratio of 15.17 and a beta of 0.72.
Antero Midstream Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be paid a $0.2250 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 annualized dividend and a dividend yield of 4.2%. Antero Midstream’s dividend payout ratio is presently 107.14%.
Wall Street Analysts Forecast Growth
AM has been the subject of a number of analyst reports. The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a report on Tuesday, July 14th. Zacks Research downgraded Antero Midstream from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. 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 report on Monday, August 3rd. Capital One Financial raised shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, September 22nd. Finally, UBS Group lowered their price target on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.20.
View Our Latest Research Report on Antero Midstream
Insider Transactions at Antero Midstream
In other news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the sale, the insider directly owned 83,900 shares in the company, valued at $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brooks 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 value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.
Antero Midstream Company Profile
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.
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