Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 13,210,000 shares, an increase of 20.9% from the October 15th total of 10,930,000 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is currently 5.7 days.

Antero Midstream Stock Up 0.6 %

Shares of NYSE AM opened at $12.89 on Thursday. Antero Midstream has a 12-month low of $9.56 and a 12-month high of $13.06. The firm’s 50-day simple moving average is $12.20 and its 200 day simple moving average is $11.62. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.51. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 17.66 and a beta of 2.38.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 25th. The pipeline company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $263.84 million during the quarter, compared to analysts’ expectations of $256.23 million. Antero Midstream had a net margin of 34.61% and a return on equity of 18.98%. On average, research analysts expect that Antero Midstream will post 0.84 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, October 24th. This represents a $0.90 annualized dividend and a yield of 6.98%. Antero Midstream’s dividend payout ratio is presently 123.29%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AM. JPMorgan Chase & Co. reduced their price target on shares of Antero Midstream from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, July 21st. UBS Group cut their target price on shares of Antero Midstream from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. The Goldman Sachs Group began coverage on shares of Antero Midstream in a report on Thursday, October 5th. They set a “neutral” rating and a $12.50 price target for the company. Morgan Stanley lifted their target price on shares of Antero Midstream from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, July 20th. Finally, StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and an average target price of $12.30.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Janine J. Mcardle acquired 6,011 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $11.96 per share, for a total transaction of $71,891.56. Following the purchase, the director now directly owns 54,093 shares in the company, valued at $646,952.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Antero Midstream by 1.2% in the 2nd quarter. BlackRock Inc. now owns 38,226,899 shares of the pipeline company’s stock worth $443,432,000 after purchasing an additional 460,065 shares during the period. Invesco Ltd. grew its holdings in shares of Antero Midstream by 0.4% during the third quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock worth $401,745,000 after buying an additional 135,163 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Antero Midstream by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 32,273,854 shares of the pipeline company’s stock worth $296,274,000 after acquiring an additional 481,124 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Antero Midstream by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 10,590,071 shares of the pipeline company’s stock worth $122,839,000 after purchasing an additional 77,160 shares during the last quarter. Finally, State Street Corp grew its position in Antero Midstream by 1.3% in the first quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock valued at $102,686,000 after purchasing an additional 123,885 shares in the last quarter. Institutional investors and hedge funds own 52.02% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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.