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

Shares of Antero Midstream Co. (NYSE:AM) have received a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $13.88.

A number of equities analysts recently weighed in on AM shares. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Price Performance

Antero Midstream stock opened at $14.81 on Friday. The stock has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $14.33. Antero Midstream has a 12 month low of $11.50 and a 12 month high of $15.21. The company has a market capitalization of $7.13 billion, a PE ratio of 18.51 and a beta of 2.34. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The business had revenue of $269.70 million during the quarter, compared to analyst estimates of $274.66 million. During the same quarter last year, the company posted $0.22 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Antero Midstream will post 0.85 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.08%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the transaction, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

A number of large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after buying an additional 688 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after acquiring an additional 798 shares during the last quarter. Advisory Services Network LLC raised its stake in Antero Midstream by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock valued at $339,000 after acquiring an additional 871 shares during the period. Retirement Systems of Alabama lifted its holdings in Antero Midstream by 0.3% during the first quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Pitcairn Co. boosted its position in Antero Midstream by 7.2% during the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after purchasing an additional 1,259 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.