Antero Midstream Co. (NYSE:AM) Receives $12.70 Consensus Target Price from Brokerages

Shares of Antero Midstream Co. (NYSE:AM) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.70.

AM has been the topic of a number of research analyst reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 919 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,753 shares during the last quarter. MCF Advisors LLC purchased a new stake in Antero Midstream in the 1st quarter valued at $34,000. Parkside Financial Bank & Trust lifted its stake in Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 1,930 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Antero Midstream in the first quarter valued at about $48,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

AM opened at $14.15 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50 day simple moving average is $13.80 and its 200-day simple moving average is $12.97. Antero Midstream has a one year low of $10.09 and a one year high of $14.52. The stock has a market capitalization of $6.81 billion, a P/E ratio of 17.46 and a beta of 2.26.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Sell-side analysts anticipate that Antero Midstream will post 0.89 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.225 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.36%. Antero Midstream’s payout ratio is 112.50%.

About Antero Midstream

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.