Antero Midstream Co. (NYSE:AM – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 14,160,000 shares, a growth of 6.9% from the May 31st total of 13,240,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average trading volume of 2,310,000 shares, the days-to-cover ratio is presently 6.1 days.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on AM shares. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.70.
Institutional Inflows and Outflows
Antero Midstream Stock Performance
Shares of NYSE AM opened at $14.80 on Thursday. The business has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $13.53. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 18.49 and a beta of 2.38. Antero Midstream has a one year low of $11.37 and a one year high of $15.10.
Antero Midstream (NYSE:AM – Get Free Report) last issued its earnings results 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 firm 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Sell-side analysts expect that Antero Midstream will post 0.87 EPS for the current year.
Antero Midstream Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.08%. Antero Midstream’s dividend 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.
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