Investors Buy High Volume of Antero Midstream Put Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw some unusual options trading on Monday. Traders bought 26,566 put options on the stock. This is an increase of approximately 685% compared to the typical daily volume of 3,383 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th.

Antero Midstream Price Performance

NYSE:AM traded down $0.11 during trading hours on Monday, reaching $16.16. 402,069 shares of the company were exchanged, compared to its average volume of 2,786,610. The company has a market capitalization of $7.73 billion, a P/E ratio of 19.44 and a beta of 2.31. Antero Midstream has a 1-year low of $13.02 and a 1-year high of $16.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day moving average of $15.83 and a 200 day moving average of $15.30.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Research analysts forecast that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.44%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AM. Norges Bank bought a new position in Antero Midstream during the 4th quarter worth $62,578,000. SIR Capital Management L.P. bought a new position in Antero Midstream during the 4th quarter worth $35,058,000. Balyasny Asset Management L.P. raised its position in Antero Midstream by 7,769.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock worth $15,513,000 after purchasing an additional 1,014,951 shares during the last quarter. Northern Trust Corp raised its position in Antero Midstream by 22.5% during the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock worth $61,950,000 after purchasing an additional 753,939 shares during the last quarter. Finally, FMR LLC raised its position in Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

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.