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

Antero Midstream Co. (NYSE:AM) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 10,120,000 shares, an increase of 6.1% from the August 31st total of 9,540,000 shares. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is currently 3.7 days. Approximately 3.0% of the company’s shares are sold short.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC bought a new position in shares of Antero Midstream during the first quarter worth approximately $34,000. City State Bank bought a new position in shares of Antero Midstream during the second quarter worth approximately $51,000. Pacifica Partners Inc. bought a new position in shares of Antero Midstream during the first quarter worth approximately $48,000. Finally, First Horizon Advisors Inc. increased its stake in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

NYSE:AM traded up $0.14 during mid-day trading on Tuesday, hitting $15.19. The stock had a trading volume of 1,058,477 shares, compared to its average volume of 2,666,629. Antero Midstream has a twelve month low of $11.50 and a twelve month high of $15.30. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 19.06 and a beta of 2.34. The company’s 50 day simple moving average is $14.52 and its 200 day simple moving average is $14.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. On average, equities research analysts forecast that Antero Midstream will post 0.85 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 5.92%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Analyst Upgrades and Downgrades

AM has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.88.

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.