Antero Midstream Corporation (NYSE:AM) Receives Average Recommendation of “Hold” from Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $22.50.

A number of equities research analysts recently issued reports on AM shares. The Goldman Sachs Group boosted their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. UBS Group boosted their price objective on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the sale, the insider owned 99,900 shares in the company, valued at approximately $2,273,724. The trade was a 12.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total transaction of $115,800.00. Following the sale, the director directly owned 69,680 shares of the company’s stock, valued at approximately $1,613,788.80. This trade represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,000 shares of company stock worth $1,004,690 in the last three months. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AM. Richardson Financial Services Inc. grew its stake in Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after buying an additional 994 shares during the period. Root Financial Partners LLC purchased a new position in shares of Antero Midstream in the 3rd quarter valued at $25,000. Elevation Wealth Partners LLC purchased a new position in shares of Antero Midstream in the 4th quarter valued at $27,000. Quent Capital LLC acquired a new position in shares of Antero Midstream during the 3rd quarter valued at $28,000. Finally, Larson Financial Group LLC raised its position in Antero Midstream by 68.1% in the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Down 0.2%

Shares of NYSE:AM opened at $23.56 on Friday. The stock’s 50-day moving average price is $21.10 and its two-hundred day moving average price is $19.15. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.63. Antero Midstream has a 12-month low of $15.07 and a 12-month high of $23.84. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 27.39 and a beta of 0.77.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. On average, research analysts forecast that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, January 28th. Antero Midstream’s payout ratio is 104.65%.

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.