Antero Midstream (AM) to Release Quarterly Earnings on Wednesday

Antero Midstream (NYSE:AM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Trading Up 0.7 %

Shares of AM opened at $13.92 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95. Antero Midstream has a 12 month low of $9.69 and a 12 month high of $14.52. The stock’s 50-day moving average is $13.50 and its two-hundred day moving average is $12.87. The stock has a market cap of $6.68 billion, a PE ratio of 18.08 and a beta of 2.25.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is 116.88%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Antero Midstream currently has an average rating of “Hold” and a consensus target price of $12.70.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Antero Midstream by 6.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 174,285 shares of the pipeline company’s stock valued at $2,184,000 after purchasing an additional 10,936 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Antero Midstream by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 144,436 shares of the pipeline company’s stock valued at $1,810,000 after purchasing an additional 3,948 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Antero Midstream by 1.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 277,409 shares of the pipeline company’s stock worth $3,476,000 after buying an additional 3,520 shares during the period. Barclays PLC boosted its position in shares of Antero Midstream by 7.6% during the fourth quarter. Barclays PLC now owns 1,222,959 shares of the pipeline company’s stock worth $15,324,000 after buying an additional 86,814 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Antero Midstream by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after buying an additional 193,263 shares during the period. 53.97% of the stock is owned by institutional investors.

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.