StockNews.com Lowers Antero Midstream (NYSE:AM) to Hold

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a report issued on Wednesday.

Separately, Tudor, Pickering, Holt & Co. lowered 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 research report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream currently has a consensus rating of Hold and a consensus target price of $12.70.

Antero Midstream Stock Down 0.3 %

Shares of NYSE:AM opened at $14.74 on Wednesday. The firm has a market cap of $7.09 billion, a PE ratio of 18.43 and a beta of 2.31. The company has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $13.48. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream has a 12-month low of $11.11 and a 12-month high of $15.10.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.11%. Antero Midstream’s payout ratio is presently 112.50%.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Antero Midstream during the fourth quarter valued at approximately $54,704,000. Westwood Holdings Group Inc. boosted its holdings in Antero Midstream by 46.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock worth $41,607,000 after buying an additional 694,243 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Antero Midstream by 1,114.6% during the fourth quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock valued at $8,034,000 after buying an additional 588,397 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Antero Midstream by 157.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock worth $11,619,000 after buying an additional 566,604 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

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.