Antero Midstream (NYSE:AM) Reaches New 1-Year High – Still a Buy?

Shares of Antero Midstream Co. (NYSE:AM) reached a new 52-week high during trading on Monday . The stock traded as high as $17.19 and last traded at $17.08, with a volume of 115231 shares changing hands. The stock had previously closed at $16.95.

Wall Street Analysts Forecast Growth

AM has been the topic of several research analyst reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 1.4 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 20.47 and a beta of 2.31. The company has a 50-day moving average price of $16.06 and a 200-day moving average price of $15.41.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.30%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Institutional Trading of Antero Midstream

A number of large investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream during the 3rd quarter worth approximately $38,000. Financial Management Professionals Inc. grew its holdings in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,000 shares during the period. Brooklyn Investment Group purchased a new position in Antero Midstream in the 3rd quarter valued at approximately $48,000. TD Waterhouse Canada Inc. raised its holdings in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after purchasing an additional 963 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

About Antero Midstream

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.