Antero Midstream Target of Unusually High Options Trading (AM)

Antero Midstream Corp (NYSE:AM) was the target of unusually large options trading activity on Thursday. Traders acquired 4,032 call options on the company. This is an increase of 3,260% compared to the typical daily volume of 120 call options.

In other news, insider Michael N. Kennedy sold 210,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $12.45, for a total value of $2,614,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.91% of the company’s stock.

Large investors have recently modified their holdings of the company. Berman Capital Advisors LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $115,000. IFP Advisors Inc acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $154,000. Bessemer Group Inc. grew its position in shares of Antero Midstream by 236.6% in the fourth quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after purchasing an additional 5,534 shares during the last quarter. LVW Advisors LLC grew its position in shares of Antero Midstream by 10.5% in the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 950 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $227,000. 50.22% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the stock. Capital One Financial downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 1st. Zacks Investment Research downgraded shares of Antero Midstream from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 6th. ValuEngine downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Raymond James downgraded shares of Antero Midstream from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $19.00 to $17.00 in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Barclays reissued a “hold” rating and set a $16.00 target price on shares of Antero Midstream in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.31.

Antero Midstream stock traded down $0.09 during mid-day trading on Friday, hitting $13.49. 75,888 shares of the company’s stock were exchanged, compared to its average volume of 3,708,555. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.73 and a beta of 1.70. Antero Midstream has a 1-year low of $10.12 and a 1-year high of $19.91.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.11). The business had revenue of $265.80 million during the quarter, compared to analyst estimates of $287.06 million. Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Antero Midstream will post 0.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 8.97%. The ex-dividend date was Thursday, April 25th. Antero Midstream’s dividend payout ratio is currently 366.67%.

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About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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