Antero Midstream Co. (NYSE:AM) Given Average Recommendation of “Hold” by Analysts

Antero Midstream Co. (NYSE:AM) has earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.88.

A number of analysts have recently issued reports on the stock. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley upped their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday.

Antero Midstream Stock Down 1.2 %

Shares of NYSE AM traded down $0.17 during mid-day trading on Tuesday, reaching $14.60. 1,682,952 shares of the company’s stock were exchanged, compared to its average volume of 2,636,555. The business has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $14.11. Antero Midstream has a twelve month low of $11.50 and a twelve month high of $15.21. The company has a current ratio of 0.89, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 18.30 and a beta of 2.38.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The business had revenue of $269.70 million for the quarter, compared to the consensus estimate of $274.66 million. During the same period in the prior year, the business earned $0.22 earnings per share. Antero Midstream’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts expect that Antero Midstream will post 0.86 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.90 annualized dividend and a dividend yield of 6.16%. Antero Midstream’s payout ratio is 112.50%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares in the last quarter. MCF Advisors LLC bought a new position in Antero Midstream in the first quarter valued at $34,000. City State Bank purchased a new stake in Antero Midstream in the second quarter worth approximately $51,000. Pacifica Partners Inc. purchased a new stake in shares of Antero Midstream in the 1st quarter valued at $48,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

About Antero Midstream

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.