Antero Midstream Sees Unusually Large Options Volume (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw unusually large options trading on Monday. Stock traders bought 26,566 put options on the company. This represents an increase of 685% compared to the average volume of 3,383 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AM. Ashton Thomas Securities LLC bought a new stake in Antero Midstream in the 3rd quarter worth approximately $38,000. Financial Management Professionals Inc. lifted its position in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its position in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group bought a new stake in Antero Midstream in the 3rd quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC lifted its position in Antero Midstream by 21.9% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock worth $68,000 after buying an additional 818 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Trading Down 1.6 %

Shares of Antero Midstream stock opened at $16.01 on Tuesday. Antero Midstream has a 52-week low of $13.02 and a 52-week high of $16.99. The stock’s 50-day simple moving average is $15.86 and its 200 day simple moving average is $15.32. The stock has a market capitalization of $7.66 billion, a P/E ratio of 19.28 and a beta of 2.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts anticipate that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is presently 108.44%.

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.