Antero Midstream (NYSE:AM) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Antero Midstream (NYSE:AM) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02, Briefing.com reports. Antero Midstream had a negative net margin of 78.04% and a positive return on equity of 20.02%. The business had revenue of $219.74 million for the quarter, compared to analysts’ expectations of $214.87 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 14.0% compared to the same quarter last year.

Shares of NYSE:AM opened at $5.67 on Friday. The firm’s 50 day moving average is $5.59 and its two-hundred day moving average is $4.65. Antero Midstream has a 52 week low of $1.69 and a 52 week high of $9.32. The firm has a market capitalization of $2.70 billion, a P/E ratio of -3.81 and a beta of 3.70. The company has a current ratio of 1.03, a quick ratio of 1.81 and a debt-to-equity ratio of 1.22.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Thursday, July 30th will be paid a $0.308 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $1.23 annualized dividend and a dividend yield of 21.73%. This is a positive change from Antero Midstream’s previous quarterly dividend of $0.31. Antero Midstream’s dividend payout ratio (DPR) is presently 98.40%.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Tuesday. JPMorgan Chase & Co. cut shares of Antero Midstream from a “neutral” rating to an “underweight” rating in a report on Tuesday, April 28th. Citigroup cut shares of Antero Midstream from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. Zacks Investment Research cut shares of Antero Midstream from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Tuesday, June 2nd. Finally, Wells Fargo & Co reissued a “sell” rating and issued a $5.00 target price (up previously from $4.00) on shares of Antero Midstream in a report on Wednesday, July 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Antero Midstream currently has a consensus rating of “Hold” and a consensus target price of $8.70.

In related news, insider Glen C. Warren, Jr. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $4.10, for a total transaction of $41,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul M. Rady sold 18,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $4.10, for a total transaction of $73,800,000.00. The disclosure for this sale can be found here. 10.90% of the stock is currently owned by company insiders.

About Antero Midstream

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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Earnings History for Antero Midstream (NYSE:AM)

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