Shares of Antero Midstream Co. (NYSE:AM – Get Free Report) 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.
Check Out Our Latest Analysis on Antero Midstream
Hedge Funds Weigh In On Antero Midstream
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 – Get Free Report) 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.
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