Analysts Set Antero Midstream Co. (NYSE:AM) PT at $12.70

Antero Midstream Co. (NYSE:AM) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.70.

Several equities analysts recently issued reports on AM shares. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in AM. SG Americas Securities LLC raised its stake in shares of Antero Midstream by 3.8% in the 3rd quarter. SG Americas Securities LLC now owns 59,426 shares of the pipeline company’s stock valued at $712,000 after acquiring an additional 2,175 shares during the period. SVB Wealth LLC raised its holdings in shares of Antero Midstream by 44.0% during the 3rd quarter. SVB Wealth LLC now owns 21,807 shares of the pipeline company’s stock valued at $261,000 after buying an additional 6,664 shares during the period. Xponance Inc. lifted its position in Antero Midstream by 8.0% during the 3rd quarter. Xponance Inc. now owns 57,654 shares of the pipeline company’s stock worth $691,000 after acquiring an additional 4,254 shares in the last quarter. Raymond James & Associates boosted its holdings in Antero Midstream by 3.8% in the 3rd quarter. Raymond James & Associates now owns 50,961 shares of the pipeline company’s stock worth $611,000 after acquiring an additional 1,849 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Antero Midstream by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 330,585 shares of the pipeline company’s stock worth $3,960,000 after acquiring an additional 7,379 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Up 1.4 %

AM stock opened at $14.15 on Wednesday. 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 company’s 50 day moving average is $13.80 and its two-hundred day moving average is $12.97. The stock has a market cap of $6.81 billion, a P/E ratio of 17.46 and a beta of 2.26. Antero Midstream has a twelve month low of $10.09 and a twelve month high of $14.52.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The firm had revenue of $279.05 million during the quarter, compared to analysts’ expectations of $277.25 million. During the same quarter in the prior year, the firm posted $0.21 EPS. Antero Midstream’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts expect that Antero Midstream will post 0.89 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.36%. Antero Midstream’s payout ratio is currently 112.50%.

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.