Shares of Antero Midstream Corp (NYSE:AM) have been given an average rating of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.25.
Several research analysts have issued reports on the company. Raymond James cut Antero Midstream from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. Barclays set a $8.00 price target on shares of Antero Midstream and gave the company a “hold” rating in a research report on Tuesday, October 15th. Robert W. Baird lowered their price objective on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, September 9th. ValuEngine downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Wells Fargo & Co lowered shares of Antero Midstream from an “outperform” rating to a “market perform” rating and cut their target price for the company from $10.00 to $8.00 in a research report on Wednesday, November 6th.
In other Antero Midstream news, Director W Howard Keenan, Jr. sold 2,855,848 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $6.81, for a total value of $19,448,324.88. Also, insider Yorktown Energy Partners Viii, sold 12,713 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $48.31, for a total transaction of $614,165.03. Insiders have sold 25,833,998 shares of company stock valued at $169,797,139 in the last three months.
Several hedge funds have recently made changes to their positions in the company. Comerica Bank bought a new position in Antero Midstream in the 3rd quarter worth $1,110,000. Oppenheimer Asset Management Inc. bought a new stake in Antero Midstream during the third quarter valued at about $65,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Antero Midstream in the third quarter valued at about $351,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Antero Midstream in the third quarter worth about $107,000. Finally, Ashford Capital Management Inc. bought a new position in shares of Antero Midstream in the third quarter worth about $350,000. Hedge funds and other institutional investors own 67.33% of the company’s stock.
AM traded up $0.18 during mid-day trading on Friday, reaching $4.59. 6,890,469 shares of the company traded hands, compared to its average volume of 4,909,631. The company’s fifty day moving average price is $6.15 and its 200-day moving average price is $8.76. The stock has a market capitalization of $2.31 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.90 and a beta of 1.13. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.75. Antero Midstream has a 52-week low of $4.26 and a 52-week high of $14.86.
Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Tuesday, October 29th. The pipeline company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.19. Antero Midstream had a positive return on equity of 13.53% and a negative net margin of 32.31%. The company had revenue of $243.80 million during the quarter, compared to analyst estimates of $269.56 million. The business’s revenue was up 544.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Antero Midstream will post 0.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, November 1st were issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 26.84%. The ex-dividend date was Thursday, October 31st. Antero Midstream’s dividend payout ratio is presently 372.73%.
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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