Antero Midstream Corporation to Issue Quarterly Dividend of $0.23 (NYSE:AM)

Antero Midstream Corporation (NYSE:AM) announced a quarterly dividend on Wednesday, January 14th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, February 11th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, January 28th.

Antero Midstream has decreased its dividend payment by an average of 0.0%per year over the last three years. Antero Midstream has a payout ratio of 81.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Antero Midstream to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 89.1%.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $17.79 on Thursday. The company’s fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $18.01. Antero Midstream has a 12-month low of $15.07 and a 12-month high of $19.82. The firm has a market cap of $8.47 billion, a PE ratio of 18.15 and a beta of 0.80. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. Antero Midstream’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, equities analysts expect that Antero Midstream will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent analyst reports. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 29th. Morgan Stanley upped their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. Zacks Research raised shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.17.

Antero Midstream Company Profile

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.