Wall Street brokerages expect Antero Midstream GP LP (NYSE:AMGP) to post $37.45 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Antero Midstream GP’s earnings, with the highest sales estimate coming in at $37.85 million and the lowest estimate coming in at $36.70 million. Antero Midstream GP reported sales of $19.07 million in the same quarter last year, which indicates a positive year-over-year growth rate of 96.4%. The company is scheduled to report its next earnings report after the market closes on Wednesday, October 31st.
According to Zacks, analysts expect that Antero Midstream GP will report full-year sales of $140.45 million for the current financial year, with estimates ranging from $136.49 million to $142.84 million. For the next fiscal year, analysts expect that the business will post sales of $230.39 million, with estimates ranging from $222.93 million to $235.70 million. Zacks’ sales averages are an average based on a survey of research firms that follow Antero Midstream GP.
Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $33.39 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 116.2% on a year-over-year basis.
Shares of NYSE:AMGP traded up $0.38 during midday trading on Wednesday, reaching $16.14. 59,422 shares of the company were exchanged, compared to its average volume of 925,351. Antero Midstream GP has a fifty-two week low of $14.85 and a fifty-two week high of $22.39. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 536.00 and a beta of 1.65.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, November 2nd will be given a $0.144 dividend. The ex-dividend date is Thursday, November 1st. This represents a $0.58 dividend on an annualized basis and a yield of 3.57%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.13. Antero Midstream GP’s dividend payout ratio (DPR) is 1,666.67%.
In other news, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total value of $83,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $18.81, for a total transaction of $940,500.00. The disclosure for this sale can be found here.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Antero Midstream GP by 407.3% in the 1st quarter. BlackRock Inc. now owns 276,718 shares of the company’s stock valued at $4,425,000 after acquiring an additional 222,173 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in shares of Antero Midstream GP in the 2nd quarter valued at about $1,886,000. JJJ Advisors Inc. grew its position in shares of Antero Midstream GP by 30.6% in the 3rd quarter. JJJ Advisors Inc. now owns 373,722 shares of the company’s stock valued at $6,323,000 after acquiring an additional 87,500 shares during the period. Global X Management Co LLC boosted its holdings in shares of Antero Midstream GP by 2.5% during the 2nd quarter. Global X Management Co LLC now owns 753,902 shares of the company’s stock worth $14,219,000 after buying an additional 18,734 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Antero Midstream GP by 20.9% during the 2nd quarter. Sei Investments Co. now owns 240,187 shares of the company’s stock worth $4,530,000 after buying an additional 41,577 shares during the period. 76.76% of the stock is owned by institutional investors.
About Antero Midstream GP
Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.
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