Antero Midstream Co. (NYSE:AM) Receives Average Recommendation of “Hold” from Brokerages

Antero Midstream Co. (NYSE:AM) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.70.

Several research analysts have weighed in 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 report on Tuesday, March 12th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

Antero Midstream Stock Up 1.4 %

Shares of NYSE:AM opened at $14.15 on Wednesday. The company has a 50 day moving average price of $13.82 and a two-hundred day moving average price of $12.99. The company has a market capitalization of $6.81 billion, a PE ratio of 17.69 and a beta of 2.26. Antero Midstream has a 52 week low of $10.09 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25.

Antero Midstream (NYSE:AM) last posted its earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Analysts forecast that Antero Midstream will post 0.89 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.36%. Antero Midstream’s dividend payout ratio is presently 112.50%.

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 transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in AM. Semanteon Capital Management LP purchased a new stake in shares of Antero Midstream in the 4th quarter valued at $164,000. Vanguard Personalized Indexing Management LLC grew its position in Antero Midstream by 4.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company’s stock worth $448,000 after purchasing an additional 1,741 shares during the period. California Public Employees Retirement System purchased a new position in shares of Antero Midstream during the 3rd quarter valued at about $2,183,000. Mackenzie Financial Corp lifted its holdings in shares of Antero Midstream by 146.9% in the 4th quarter. Mackenzie Financial Corp now owns 144,627 shares of the pipeline company’s stock valued at $1,812,000 after buying an additional 86,048 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the fourth quarter worth about $1,226,000. 53.97% of the stock is currently 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.