Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 14,160,000 shares, a growth of 6.9% from the May 31st total of 13,240,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average trading volume of 2,310,000 shares, the days-to-cover ratio is presently 6.1 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AM shares. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.70.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Antero Midstream in the fourth quarter valued at $54,704,000. Westwood Holdings Group Inc. increased its stake in shares of 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 valued at $44,632,000 after buying an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Antero Midstream by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after buying an additional 694,243 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Antero Midstream by 1,114.6% in 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 increased its stake 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 valued at $11,619,000 after buying an additional 566,604 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $14.80 on Thursday. The business has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $13.53. 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 firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 18.49 and a beta of 2.38. Antero Midstream has a one year low of $11.37 and a one year high of $15.10.

Antero Midstream (NYSE:AM) last issued its 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 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 company posted $0.21 earnings per share. Sell-side analysts expect that Antero Midstream will post 0.87 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.08%. Antero Midstream’s dividend 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.