Antero Midstream Corporation (AM) – What Are Analysts Saying About This Stock?

Shares of Antero Midstream Corporation (NYSE:AM) have earned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.20.

Several brokerages recently weighed in on AM. Capital One Financial upgraded Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Tuesday, September 22nd. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. UBS Group decreased their target price on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, September 21st. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company increased their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sheri Pearce sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. The trade was a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Trading of Antero Midstream

Hedge funds and other institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC bought a new stake in Antero Midstream in the second quarter valued at approximately $25,000. Eastern Bank increased its position in Antero Midstream by 428.8% during the 3rd quarter. Eastern Bank now owns 1,375 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,115 shares during the period. Clearstead Trust LLC acquired a new stake in Antero Midstream during the 2nd quarter valued at approximately $30,000. Ancora Advisors LLC acquired a new stake in Antero Midstream during the 2nd quarter valued at approximately $38,000. Finally, Root Financial Partners LLC raised its holdings in Antero Midstream by 36.4% during the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 0.3%

NYSE AM opened at $21.15 on Tuesday. The business has a fifty day moving average price of $21.71 and a two-hundred day moving average price of $21.89. The stock has a market capitalization of $10.04 billion, a PE ratio of 25.17 and a beta of 0.72. Antero Midstream has a fifty-two week low of $16.96 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%. The company had revenue of $327.24 million for the quarter, compared to analyst estimates of $326.43 million. During the same quarter last year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts expect that Antero Midstream will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were issued a dividend of $0.2250 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.3%. Antero Midstream’s payout ratio is 107.14%.

About Antero Midstream

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.

Antero Midstream’s operations include natural gas gathering, compression and processing, as well as water handling and related services.