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

Shares of Antero Midstream Co. (NYSE:AM) have earned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages 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. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday.

Hedge Funds Weigh In On Antero Midstream

A number of large investors have recently made changes to their positions in AM. Lindbrook Capital LLC boosted its stake 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 worth $26,000 after purchasing an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,753 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Antero Midstream in the first quarter worth approximately $34,000. Parkside Financial Bank & Trust boosted its position in shares of Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Antero Midstream in the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM opened at $14.52 on Thursday. The firm has a market capitalization of $6.99 billion, a PE ratio of 18.15 and a beta of 2.31. Antero Midstream has a twelve month low of $10.68 and a twelve month high of $15.10. The firm’s 50-day moving average price is $14.32 and its 200 day moving average price is $13.39. 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 (NYSE:AM) last posted its earnings results 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 firm 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, sell-side analysts expect that Antero Midstream will post 0.87 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company 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 6.20%. Antero Midstream’s payout ratio is currently 112.50%.

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.