Antero Midstream (NYSE:AM) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Separately, Tudor, Pickering, Holt & Co. lowered Antero Midstream from a buy rating to a hold rating and upped their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $12.70.

Antero Midstream Price Performance

Antero Midstream stock opened at $14.52 on Tuesday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 18.15 and a beta of 2.31. Antero Midstream has a 52-week low of $10.68 and a 52-week high of $15.10. The stock’s 50 day moving average price is $14.31 and its two-hundred day moving average price is $13.39. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25.

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

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors 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 6.20%. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

Hedge Funds Weigh In On Antero Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in Antero Midstream by 3.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,852,300 shares of the pipeline company’s stock valued at $23,209,000 after buying an additional 57,000 shares during the last quarter. Semanteon Capital Management LP purchased a new position in Antero Midstream in the 4th quarter valued at about $164,000. Charles Schwab Investment Management Inc. boosted its position in Antero Midstream by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock valued at $45,141,000 after buying an additional 99,592 shares during the last quarter. New York Life Investment Management LLC purchased a new position in Antero Midstream in the 4th quarter valued at about $445,000. Finally, Bank of Nova Scotia purchased a new position in Antero Midstream in the 4th quarter valued at about $3,219,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.