Analysts Set Antero Midstream Corp (AM) PT at $30.31

Antero Midstream Corp (NYSE:AM) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.31.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Antero Midstream from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 6th. Capital One Financial cut Antero Midstream from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 1st. ValuEngine cut Antero Midstream from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Raymond James cut Antero Midstream from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Barclays reaffirmed a “hold” rating and set a $16.00 price objective on shares of Antero Midstream in a research report on Thursday, May 9th.

In related news, insider Michael N. Kennedy sold 210,000 shares of Antero Midstream stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.45, for a total transaction of $2,614,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.



A number of large investors have recently added to or reduced their stakes in AM. Berman Capital Advisors LLC bought a new stake in Antero Midstream in the 4th quarter worth approximately $115,000. IFP Advisors Inc bought a new stake in Antero Midstream in the 4th quarter worth approximately $154,000. Bessemer Group Inc. increased its stake in Antero Midstream by 236.6% in the 4th quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock worth $169,000 after acquiring an additional 5,534 shares during the last quarter. LVW Advisors LLC increased its stake in Antero Midstream by 10.5% in the 4th quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock worth $214,000 after acquiring an additional 950 shares during the last quarter. Finally, Tibra Equities Europe Ltd bought a new stake in Antero Midstream in the 4th quarter worth approximately $227,000. 50.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of AM stock traded up $0.19 during trading hours on Monday, reaching $13.53. 30,992 shares of the company traded hands, compared to its average volume of 2,555,666. Antero Midstream has a 12-month low of $10.12 and a 12-month high of $19.91. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.57 billion, a P/E ratio of 41.03, a PEG ratio of 2.58 and a beta of 1.70.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.11). Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The company had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $287.06 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities research analysts expect that Antero Midstream will post 0.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, April 26th were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 8.94%. The ex-dividend date of this dividend was Thursday, April 25th. Antero Midstream’s dividend payout ratio (DPR) is presently 366.67%.

Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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