Antero Midstream Co. (NYSE:AM) Given Average Recommendation of “Hold” by Analysts

Shares of Antero Midstream Co. (NYSE:AM) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.70.

Several equities research analysts have recently commented on AM shares. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Institutional Trading of Antero Midstream

Large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its stake in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 919 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 last quarter. MCF Advisors LLC bought a new position in Antero Midstream in the first quarter worth about $34,000. Parkside Financial Bank & Trust lifted its holdings in Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Antero Midstream in the first quarter worth about $48,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

NYSE AM opened at $13.83 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $13.73 and its two-hundred day moving average is $12.95. Antero Midstream has a 12-month low of $10.09 and a 12-month high of $14.52. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 17.29 and a beta of 2.25.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business had revenue of $279.05 million for the quarter, compared to analyst estimates of $277.25 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that Antero Midstream will post 0.96 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 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.