Antero Midstream (NYSE:AM) Shares Gap Down to $14.67

Antero Midstream Co. (NYSE:AM) gapped down before the market opened on Thursday . The stock had previously closed at $14.67, but opened at $14.24. Antero Midstream shares last traded at $14.48, with a volume of 675,879 shares traded.

Analyst Upgrades and Downgrades

AM has been the topic of a number of research analyst reports. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and an average target price of $12.70.

Antero Midstream Stock Up 0.1 %

The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 18.03 and a beta of 2.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s fifty day moving average is $14.15 and its two-hundred day moving average is $13.20.

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

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is currently 112.50%.

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 16,394 shares of the firm’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 sale, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

A number of institutional investors have recently bought and sold shares of the stock. Semanteon Capital Management LP purchased a new position in Antero Midstream during the 4th quarter worth approximately $164,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Midstream by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock valued at $45,141,000 after buying an additional 99,592 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Antero Midstream by 4.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company’s stock valued at $448,000 after buying an additional 1,741 shares during the period. California Public Employees Retirement System purchased a new stake in Antero Midstream in the 3rd quarter worth about $2,183,000. Finally, New York Life Investment Management LLC acquired a new stake in Antero Midstream during the 4th quarter worth about $445,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.