$247.91 Million in Sales Expected for Antero Midstream Partners LP (AM) This Quarter

Equities analysts predict that Antero Midstream Partners LP (NYSE:AM) will report $247.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Antero Midstream Partners’ earnings. The highest sales estimate is $261.30 million and the lowest is $233.81 million. Antero Midstream Partners reported sales of $193.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 28%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 31st.

On average, analysts expect that Antero Midstream Partners will report full year sales of $973.26 million for the current fiscal year, with estimates ranging from $884.52 million to $1.02 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.20 billion, with estimates ranging from $1.07 billion to $1.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Antero Midstream Partners.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, August 1st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. The firm had revenue of $250.98 million during the quarter, compared to the consensus estimate of $233.23 million.

AM has been the topic of a number of recent research reports. Wells Fargo & Co increased their target price on Antero Midstream Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Stifel Nicolaus upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, August 28th. Barclays cut Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $33.00 to $36.00 in a report on Friday, October 12th. Finally, Raymond James reiterated a “market perform” rating on shares of Antero Midstream Partners in a report on Wednesday, October 10th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.05.

Large investors have recently modified their holdings of the business. Baldwin Brothers Inc. MA purchased a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at $161,000. JJJ Advisors Inc. purchased a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at $199,000. LVW Advisors LLC purchased a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at $210,000. Clinton Group Inc. purchased a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at $227,000. Finally, Aperio Group LLC purchased a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at $228,000. Institutional investors and hedge funds own 47.58% of the company’s stock.

Shares of AM traded down $0.19 during trading hours on Tuesday, reaching $32.99. The stock had a trading volume of 9,383 shares, compared to its average volume of 739,028. Antero Midstream Partners has a 12 month low of $24.20 and a 12 month high of $34.53. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.91. The stock has a market cap of $6.23 billion, a P/E ratio of 23.70 and a beta of 1.78.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 2nd will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, November 1st. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 5.33%. Antero Midstream Partners’s dividend payout ratio (DPR) is 118.57%.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for Antero Midstream Partners (NYSE:AM)

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