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

Antero Midstream Co. (NYSE:AM) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.70.

Several research analysts recently issued reports on AM shares. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th.

Antero Midstream Stock Performance

Shares of AM stock opened at $14.52 on Thursday. The business has a fifty day moving average of $14.32 and a 200 day moving average of $13.39. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 18.15 and a beta of 2.31. Antero Midstream has a 1 year low of $10.68 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, research analysts expect that Antero Midstream will post 0.87 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $0.225 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.20%. Antero Midstream’s dividend payout ratio is currently 112.50%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Antero Midstream during the fourth quarter worth about $54,704,000. Westwood Holdings Group Inc. lifted its holdings in shares of Antero Midstream by 46.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after purchasing an additional 694,243 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Antero Midstream by 1,114.6% in the 4th quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock worth $8,034,000 after purchasing an additional 588,397 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Antero Midstream by 157.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock worth $11,619,000 after purchasing an additional 566,604 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

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.