Antero Midstream Corporation (NYSE:AM) Given Consensus Rating of “Hold” by Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

Several equities research analysts have recently weighed in on AM shares. Wells Fargo & Company upped their target price on Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. UBS Group boosted their price target on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group boosted their price target on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the transaction, the director owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the transaction, the insider owned 580,565 shares in the company, valued at approximately $12,714,373.50. This trade represents a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 213,269 shares of company stock worth $4,713,681. 0.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. lifted its stake in shares of Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 994 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Antero Midstream during the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in Antero Midstream during the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC acquired a new stake in Antero Midstream during the fourth quarter valued at approximately $27,000. Finally, Arax Advisory Partners raised its stake in Antero Midstream by 83.9% during the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after buying an additional 791 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE AM opened at $21.97 on Friday. Antero Midstream has a 1-year low of $16.77 and a 1-year high of $23.83. The business has a 50-day moving average of $22.20 and a 200-day moving average of $19.90. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.55 and a beta of 0.68.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. During the same period in the previous year, the company earned $0.25 EPS. Antero Midstream’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Antero Midstream will post 1.14 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. Antero Midstream’s payout ratio is 104.65%.

Antero Midstream Company Profile

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.