Antero Midstream Corp (NYSE:AM) – Research analysts at Capital One Financial upped their Q4 2019 earnings estimates for Antero Midstream in a report released on Monday, December 9th. Capital One Financial analyst K. May now forecasts that the pipeline company will earn $0.20 per share for the quarter, up from their prior estimate of $0.17. Capital One Financial also issued estimates for Antero Midstream’s Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.25 EPS, FY2020 earnings at $0.94 EPS and FY2021 earnings at $1.14 EPS.
Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Tuesday, October 29th. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.20 by $0.19. Antero Midstream had a negative net margin of 32.31% and a positive return on equity of 13.53%. The company had revenue of $243.80 million during the quarter, compared to the consensus estimate of $269.56 million. The company’s revenue for the quarter was up 544.6% on a year-over-year basis.
Other equities research analysts also recently issued reports about the stock. Barclays set a $8.00 price target on shares of Antero Midstream and gave the company a “hold” rating in a research note on Tuesday, October 15th. Robert W. Baird cut 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 report on Monday, September 9th. ValuEngine cut shares of Antero Midstream from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Co downgraded Antero Midstream from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $10.00 to $8.00 in a research note on Wednesday, November 6th. Finally, LADENBURG THALM/SH SH decreased their target price on Antero Midstream from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Antero Midstream currently has a consensus rating of “Hold” and an average target price of $11.10.
Shares of NYSE AM opened at $5.14 on Tuesday. The firm has a market cap of $2.26 billion, a PE ratio of 15.58, a P/E/G ratio of 0.88 and a beta of 1.13. Antero Midstream has a 12-month low of $4.26 and a 12-month high of $14.65. The company’s fifty day simple moving average is $5.81 and its 200 day simple moving average is $8.50. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.75.
Large investors have recently bought and sold shares of the business. Chickasaw Capital Management LLC purchased a new stake in Antero Midstream during the third quarter worth about $107,841,000. State Street Corp purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at approximately $41,584,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at approximately $40,222,000. Duff & Phelps Investment Management Co. bought a new position in Antero Midstream in the 3rd quarter worth approximately $26,865,000. Finally, Northwestern Mutual Investment Management Company LLC bought a new position in Antero Midstream in the 3rd quarter worth approximately $12,309,000. Hedge funds and other institutional investors own 67.34% of the company’s stock.
In other Antero Midstream news, Director Peter Kagan sold 22,965,437 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $6.52, for a total transaction of $149,734,649.24. Following the transaction, the director now directly owns 49,722 shares in the company, valued at approximately $324,187.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider K. Phil Yoo sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $4.51, for a total value of $90,200.00. Insiders sold a total of 22,998,150 shares of company stock worth $150,439,014 in the last 90 days.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, November 1st were issued a $0.308 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.23 dividend on an annualized basis and a dividend yield of 23.97%. 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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