Antero Midstream Corporation (NYSE:AM) Receives $18.50 Consensus PT from Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.50.

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday.

Antero Midstream Price Performance

AM stock opened at $18.85 on Friday. The stock has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $18.00. The stock has a market cap of $9.02 billion, a PE ratio of 19.84 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream has a 1 year low of $14.22 and a 1 year high of $19.82.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $305.47 million during the quarter, compared to analysts’ expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities analysts forecast that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. Antero Midstream’s dividend payout ratio (DPR) is presently 94.74%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Antero Midstream by 2.0% during the first quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company’s stock worth $551,372,000 after acquiring an additional 586,966 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Antero Midstream by 31.7% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock worth $167,614,000 after acquiring an additional 2,242,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Antero Midstream by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company’s stock worth $164,653,000 after acquiring an additional 34,596 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Antero Midstream by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 6,418,323 shares of the pipeline company’s stock worth $121,627,000 after acquiring an additional 426,777 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Antero Midstream by 17.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after acquiring an additional 697,234 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.