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

Shares of Antero Midstream Co. (NYSE:AM) have earned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.70.

AM has been the topic of several analyst reports. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AM. Norges Bank acquired a new position in shares of Antero Midstream in the 4th quarter worth approximately $54,704,000. Westwood Holdings Group Inc. lifted its holdings in Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after buying an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Antero Midstream by 30.7% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock worth $41,607,000 after buying an additional 694,243 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Antero Midstream by 1,114.6% during the 4th quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock worth $8,034,000 after buying an additional 588,397 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Antero Midstream by 157.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock worth $11,619,000 after buying an additional 566,604 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Trading Up 1.5 %

Shares of AM opened at $14.66 on Thursday. Antero Midstream has a 12-month low of $10.72 and a 12-month high of $15.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 18.33 and a beta of 2.31. The stock’s 50-day moving average price is $14.36 and its 200 day moving average price is $13.43.

Antero Midstream (NYSE:AM) last issued its quarterly 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 net margin of 36.67% and a return on equity of 20.82%. The firm had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Antero Midstream will post 0.87 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is currently 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.