Antero Midstream (NYSE:AM) Releases Quarterly Earnings Results

Antero Midstream (NYSE:AM) issued its quarterly earnings data on Wednesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Zacks reports. Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%.

Antero Midstream Price Performance

Shares of AM traded up $0.52 during trading hours on Thursday, hitting $16.37. 354,937 shares of the stock were exchanged, compared to its average volume of 2,536,265. Antero Midstream has a 12-month low of $11.58 and a 12-month high of $16.86. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day moving average price is $15.63 and its two-hundred day moving average price is $15.16. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 20.11 and a beta of 2.31.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.50%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Analysts Set New Price Targets

AM has been the subject of several recent research reports. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

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.