Antero Midstream (NYSE:AM) had its target price reduced by Raymond James from $17.00 to $13.00 in a research note published on Friday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the pipeline company’s stock.
Other equities research analysts have also issued research reports about the stock. Barclays reissued a hold rating and set a $16.00 target price on shares of Antero Midstream in a research note on Thursday, May 9th. UBS Group lowered shares of Antero Midstream from a positive rating to a neutral rating and decreased their target price for the company from $17.00 to $13.00 in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Antero Midstream from a sell rating to a buy rating and set a $13.00 target price for the company in a research note on Monday, July 8th. ValuEngine lowered shares of Antero Midstream from a sell rating to a strong sell rating in a research note on Friday, July 19th. Finally, Mitsubishi UFJ Financial Group lowered shares of Antero Midstream from an overweight rating to a neutral rating and decreased their target price for the company from $17.00 to $13.00 in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Antero Midstream currently has an average rating of Hold and an average price target of $21.36.
Shares of NYSE:AM opened at $7.91 on Friday. The firm’s fifty day moving average is $10.92. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.77 and a beta of 1.20. Antero Midstream has a 12-month low of $7.91 and a 12-month high of $19.61. The company has a quick ratio of 0.99, a current ratio of 0.49 and a debt-to-equity ratio of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Friday, July 26th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 15.58%. The ex-dividend date is Thursday, July 25th. This is a positive change from Antero Midstream’s previous quarterly dividend of $0.30. Antero Midstream’s payout ratio is presently 372.73%.
In other Antero Midstream news, insider K. Phil Yoo sold 20,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $13.17, for a total transaction of $263,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yorktown Viii Associates Llc sold 1,825,600 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $12.61, for a total transaction of $23,020,816.00. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in AM. Lee Financial Co acquired a new position in Antero Midstream during the 2nd quarter worth $61,000. Cypress Wealth Advisors LLC lifted its position in Antero Midstream by 80.9% during the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after acquiring an additional 40,486 shares during the last quarter. JJJ Advisors Inc. lifted its position in Antero Midstream by 4,661.9% during the 1st quarter. JJJ Advisors Inc. now owns 190,284 shares of the pipeline company’s stock worth $2,622,000 after acquiring an additional 186,288 shares during the last quarter. Northern Trust Corp lifted its position in Antero Midstream by 0.3% during the 4th quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after acquiring an additional 512 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Antero Midstream by 15.3% during the 4th quarter. Deutsche Bank AG now owns 597,234 shares of the pipeline company’s stock worth $12,774,000 after acquiring an additional 79,115 shares during the last quarter. 58.86% of the stock is owned by hedge funds and other institutional investors.
Antero Midstream Company Profile
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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