Antero Midstream Corporation (NYSE:AM) Sees Significant Increase in Short Interest

Antero Midstream Corporation (NYSE:AM) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 11,990,722 shares, a growth of 19.7% from the January 15th total of 10,017,730 shares. Based on an average trading volume of 2,527,048 shares, the days-to-cover ratio is presently 4.7 days. Currently, 2.5% of the company’s stock are sold short. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 2,527,048 shares, the days-to-cover ratio is presently 4.7 days.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors have recently added to or reduced their stakes in AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 994 shares during the last quarter. Root Financial Partners LLC bought a new stake in Antero Midstream during the 3rd quarter worth approximately $25,000. Elevation Wealth Partners LLC purchased a new stake in Antero Midstream in the 4th quarter valued at $27,000. Quent Capital LLC purchased a new position in Antero Midstream during the third quarter worth about $28,000. Finally, Larson Financial Group LLC lifted its holdings in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 708 shares during the period. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Down 2.2%

Antero Midstream stock traded down $0.47 during mid-day trading on Wednesday, hitting $20.98. 1,383,900 shares of the company’s stock were exchanged, compared to its average volume of 2,984,739. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $9.93 billion, a P/E ratio of 24.41 and a beta of 0.81. The company’s 50 day simple moving average is $18.45 and its 200-day simple moving average is $18.28. Antero Midstream has a fifty-two week low of $15.07 and a fifty-two week high of $21.66.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 11th. The pipeline company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The firm had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 4.3%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AM. Wells Fargo & Company upped their price target on Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Morgan Stanley upped their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. Finally, Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.