Brokerages Anticipate Antero Midstream GP LP (AMGP) Will Announce Earnings of $0.16 Per Share

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Analysts expect Antero Midstream GP LP (NYSE:AMGP) to post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Antero Midstream GP’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.15. Antero Midstream GP reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year-over-year growth rate of 433.3%. The business is expected to report its next earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Antero Midstream GP will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.54. For the next fiscal year, analysts expect that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.86 to $1.22. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last issued its earnings results on Wednesday, October 31st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Antero Midstream GP had a return on equity of 231.93% and a net margin of 40.12%. The company had revenue of $37.82 million for the quarter, compared to analyst estimates of $37.72 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 98.3% compared to the same quarter last year.

Several research firms have recently commented on AMGP. Credit Suisse Group assumed coverage on shares of Antero Midstream GP in a research report on Thursday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $19.00 target price on shares of Antero Midstream GP in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Barclays decreased their target price on shares of Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, October 12th. Finally, Zacks Investment Research lowered shares of Antero Midstream GP from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Antero Midstream GP presently has a consensus rating of “Hold” and a consensus price target of $21.30.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Antero Midstream GP by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 254,675 shares of the company’s stock valued at $4,309,000 after acquiring an additional 3,665 shares during the period. Wells Fargo & Company MN raised its stake in shares of Antero Midstream GP by 11.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,778 shares of the company’s stock valued at $690,000 after acquiring an additional 4,339 shares during the period. Franklin Square Holdings L.P. raised its stake in shares of Antero Midstream GP by 20.0% in the 2nd quarter. Franklin Square Holdings L.P. now owns 39,650 shares of the company’s stock valued at $748,000 after acquiring an additional 6,600 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Antero Midstream GP in the 3rd quarter valued at $125,000. Finally, Artisan Partners Limited Partnership raised its stake in shares of Antero Midstream GP by 0.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,126,433 shares of the company’s stock valued at $21,245,000 after acquiring an additional 7,427 shares during the period. 48.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMGP stock traded down $0.05 during trading hours on Friday, hitting $14.46. The company’s stock had a trading volume of 400,882 shares, compared to its average volume of 630,577. The firm has a market capitalization of $2.70 billion, a PE ratio of 482.00 and a beta of 1.06. Antero Midstream GP has a twelve month low of $14.07 and a twelve month high of $22.39.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, November 2nd were paid a dividend of $0.144 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.58 dividend on an annualized basis and a yield of 3.98%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.13. Antero Midstream GP’s dividend payout ratio (DPR) is currently 1,933.33%.

Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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