Antero Midstream Co. (NYSE:AM) Receives Average Rating of “Hold” from Brokerages

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

A number of equities analysts recently weighed in on AM shares. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Wednesday.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $14.85 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $14.41 and its two-hundred day moving average price is $13.45. Antero Midstream has a 52 week low of $10.86 and a 52 week high of $15.10. The stock has a market cap of $7.15 billion, a PE ratio of 18.56 and a beta of 2.31.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million during the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts anticipate that Antero Midstream will post 0.87 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a dividend of $0.225 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.06%. Antero Midstream’s dividend payout ratio is 112.50%.

Institutional Investors Weigh In On Antero Midstream

Institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in shares of Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after buying an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Antero Midstream by 360.0% during the 1st 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 acquired a new stake in shares of Antero Midstream during the 1st quarter valued at about $34,000. Parkside Financial Bank & Trust lifted its holdings in shares of 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 buying an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Antero Midstream during the 1st quarter valued at about $48,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.