Antero Midstream Corporation (AM) – What Are Brokerages Thinking About This Stock?

Antero Midstream Corporation (NYSE:AM) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.40.

AM has been the topic of a number of research reports. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a research report on Tuesday, July 14th. UBS Group cut their price objective on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Capital One Financial raised Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday, September 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Antero Midstream from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in shares of Antero Midstream in the 2nd quarter worth $25,000. Eastern Bank increased its stake in shares of Antero Midstream by 428.8% in the third quarter. Eastern Bank now owns 1,375 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,115 shares during the period. Clearstead Trust LLC acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at $30,000. Ancora Advisors LLC acquired a new position in Antero Midstream during the second quarter valued at approximately $38,000. Finally, Root Financial Partners LLC acquired a new position in shares of Antero Midstream in the 3rd quarter valued at about $39,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Down 0.8%

Shares of AM opened at $19.02 on Friday. Antero Midstream has a twelve month low of $17.12 and a twelve month high of $23.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $21.13 and its 200 day simple moving average is $21.60. The firm has a market capitalization of $8.98 billion, a P/E ratio of 13.39 and a beta of 0.71.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Antero Midstream had a return on equity of 33.53% and a net margin of 53.45%. The business had revenue of $327.02 million during the quarter, compared to the consensus estimate of $340.62 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Antero Midstream will post 1.45 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, October 28th. Antero Midstream’s dividend payout ratio (DPR) is 63.38%.

About Antero Midstream

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company’s services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources’ operations in the Appalachian Basin, particularly in West Virginia and Ohio.