Antero Midstream Co. (NYSE:AM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Antero Midstream Co. (NYSE:AM) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.70.

Several brokerages recently commented on AM. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

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

Antero Midstream Trading Up 0.1 %

Shares of AM stock opened at $14.42 on Friday. Antero Midstream has a 12 month low of $10.09 and a 12 month high of $15.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $14.15 and its two-hundred day moving average is $13.20. The company has a market cap of $6.94 billion, a PE ratio of 18.03 and a beta of 2.26.

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

Antero Midstream Dividend Announcement

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

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.