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

Shares of Antero Midstream Corporation (NYSE:AM) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.00.

Several equities analysts have recently commented on AM shares. Weiss Ratings upgraded Antero Midstream from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 30th. Capital One Financial raised shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Tuesday, September 22nd. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. UBS Group dropped their target price on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. 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 report on Monday, November 2nd.

Hedge Funds Weigh In On Antero Midstream

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Antero Midstream during the 2nd quarter valued at $869,045,000. Bank of New York Mellon Corp bought a new position in shares of Antero Midstream in the 2nd quarter worth $157,371,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Antero Midstream in the 2nd quarter worth $49,883,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Antero Midstream during the 2nd quarter worth $46,007,000. Finally, RR Advisors LLC purchased a new stake in shares of Antero Midstream during the 2nd quarter worth $34,435,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.1%

AM opened at $20.00 on Friday. The stock’s fifty day moving average is $20.97 and its two-hundred day moving average is $21.61. The company has a market capitalization of $9.45 billion, a P/E ratio of 14.09 and a beta of 0.71. Antero Midstream has a 52 week low of $17.12 and a 52 week high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share 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 firm had revenue of $327.02 million during the quarter, compared to analysts’ expectations of $340.62 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. Antero Midstream’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts forecast that Antero Midstream will post 1.45 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th were issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 28th. Antero Midstream’s dividend payout ratio (DPR) is presently 63.38%.

About Antero Midstream

Antero Midstream Corporation owns and operates natural gas gathering, compression and water-handling infrastructure in the Appalachian Basin. Its assets support production in the Marcellus and Utica shale regions of West Virginia and Ohio. The company’s services include gathering and compression of natural gas, as well as water transportation and related infrastructure used in shale development. Antero Midstream’s operations primarily serve Antero Resources, connecting its production areas with downstream pipelines and supporting its water needs.