Antero Midstream Corporation (NYSE:AM) Given Average Rating of "Hold" by Brokerages

Key Points

• Antero Midstream Corporation has received an average consensus rating of "Hold" from five brokerages, with one analyst recommending sell, three hold, and one strong buy.
• The company has set a 12-month price target of $18.50, with recent upgrades increasing projections to $19.00 by some analysts.
• Antero Midstream recently declared a quarterly dividend of $0.225 per share, leading to an annualized dividend yield of 4.7%.

Antero Midstream Corporation (NYSE:AM - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.50.

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley raised their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Weiss Ratings restated a "buy (a-)" rating on shares of Antero Midstream in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group raised their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research note on Monday, August 18th.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 39,155 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company's stock.

Institutional Trading of Antero Midstream

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Antero Midstream by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 10,183 shares of the pipeline company's stock worth $198,000 after purchasing an additional 1,310 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Antero Midstream by 12.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 395,636 shares of the pipeline company's stock worth $7,497,000 after purchasing an additional 43,132 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Antero Midstream by 320.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 594,323 shares of the pipeline company's stock worth $11,263,000 after purchasing an additional 452,876 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Antero Midstream in the 2nd quarter worth $593,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Antero Midstream by 29,625.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 33,887 shares of the pipeline company's stock worth $642,000 after purchasing an additional 33,773 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM traded down $0.16 during mid-day trading on Friday, hitting $19.09. The company had a trading volume of 1,973,001 shares, compared to its average volume of 2,450,101. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50-day simple moving average is $18.26 and its 200-day simple moving average is $17.96. Antero Midstream has a 12 month low of $14.22 and a 12 month high of $19.82. The firm has a market cap of $9.13 billion, a P/E ratio of 20.09 and a beta of 0.85.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The business had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. As a group, analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.

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