Antero Midstream (AM) Scheduled to Post Earnings on Wednesday

Antero Midstream (NYSE:AM) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Antero Midstream to post earnings of $0.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Antero Midstream (NYSE:AM) last announced its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. During the same period last year, the business posted $0.20 EPS. Antero Midstream’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $14.01 on Tuesday. The business has a 50-day moving average of $13.54 and a 200 day moving average of $12.88. Antero Midstream has a 12 month low of $9.69 and a 12 month high of $14.52. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 18.19 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is 116.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AM shares. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.70.

Insider Activity

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s 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 sale, the insider now owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% 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.