Antero Midstream Co. (NYSE:AM) Sees Large Increase in Short Interest

Antero Midstream Co. (NYSE:AMGet Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 14,330,000 shares, a growth of 8.2% from the February 29th total of 13,240,000 shares. Based on an average trading volume of 2,740,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 4.3% of the shares of the stock are short sold.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the transaction, the insider now owns 170,266 shares in the company, valued at $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Antero Midstream by 1.2% in the 2nd quarter. BlackRock Inc. now owns 38,226,899 shares of the pipeline company’s stock worth $443,432,000 after buying an additional 460,065 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Antero Midstream by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after purchasing an additional 193,263 shares during the period. Invesco Ltd. raised its holdings in shares of Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock worth $401,745,000 after purchasing an additional 135,163 shares during the period. State Street Corp raised its holdings in shares of Antero Midstream by 1.3% in the 1st quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock worth $102,686,000 after purchasing an additional 123,885 shares during the period. Finally, RR Advisors LLC raised its holdings in shares of Antero Midstream by 2.9% in the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock worth $72,785,000 after purchasing an additional 169,000 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of AM traded up $0.06 during trading hours on Wednesday, reaching $14.37. 618,280 shares of the company traded hands, compared to its average volume of 2,810,712. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $6.89 billion, a PE ratio of 18.65 and a beta of 2.25. Antero Midstream has a fifty-two week low of $9.69 and a fifty-two week high of $14.39. The stock has a fifty day simple moving average of $13.01 and a 200 day simple moving average of $12.67.

Antero Midstream (NYSE:AMGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, research analysts predict that Antero Midstream will post 0.96 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date was Tuesday, January 23rd. Antero Midstream’s payout ratio is currently 116.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AM. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.70.

Read Our Latest Analysis on AM

Antero Midstream Company Profile

(Get Free Report)

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.

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