Antero Midstream (NYSE:AM) Sets New 52-Week High – Here’s Why

Antero Midstream Co. (NYSE:AM)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $18.11 and last traded at $17.90, with a volume of 244371 shares trading hands. The stock had previously closed at $17.80.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AM shares. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Up 0.4 %

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 21.52 and a beta of 2.33. The stock’s 50 day moving average is $16.51 and its 200 day moving average is $15.64.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Institutional Trading of Antero Midstream

A number of large investors have recently added to or reduced their stakes in AM. Financial Management Professionals Inc. boosted its stake in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. Brooklyn Investment Group acquired a new position in Antero Midstream in the 3rd quarter worth approximately $48,000. TD Waterhouse Canada Inc. boosted its stake in Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after purchasing an additional 963 shares during the period. Blue Trust Inc. boosted its stake in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after purchasing an additional 2,612 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares during the period. 53.97% of the stock is currently owned by institutional investors.

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.