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

Key Points

• Antero Midstream has a consensus “Hold” rating from six analysts, with five holds and one buy. The average 12-month price target is $24.50 versus the reported share price of $22.17.
• The company reported quarterly earnings of $0.27 per share, matching estimates, while revenue rose 7.1% year over year to $327.24 million. Antero Midstream also declared a quarterly dividend of $0.225 per share, equivalent to a 4.1% annual yield.
• Insiders recently sold shares, while institutional investors own 53.97% of the company. Antero Midstream shares were trading near their 50-day and 200-day moving averages, with a 52-week range of $16.96 to $23.83.

Antero Midstream Corporation (NYSE:AM - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.50.

AM has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a research note on Tuesday, July 14th.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider owned 83,900 shares in the company, valued at approximately $1,846,639. This represents a 16.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, the director directly owned 68,204 shares of the company's stock, valued at $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in Antero Midstream by 41.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 733,861 shares of the pipeline company's stock worth $13,056,000 after buying an additional 216,416 shares in the last quarter. Kesler Norman & Wride LLC purchased a new position in Antero Midstream in the fourth quarter valued at $939,000. Cetera Investment Advisers increased its holdings in Antero Midstream by 9.9% in the first quarter. Cetera Investment Advisers now owns 867,200 shares of the pipeline company's stock valued at $19,772,000 after buying an additional 77,936 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Antero Midstream by 19.0% in the fourth quarter. BNP Paribas Financial Markets now owns 1,592,910 shares of the pipeline company's stock worth $28,338,000 after acquiring an additional 254,088 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Antero Midstream during the 1st quarter worth about $2,189,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Up 0.1%

Shares of NYSE:AM opened at $22.17 on Monday. The business's 50-day moving average is $22.22 and its 200 day moving average is $21.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream has a 1 year low of $16.96 and a 1 year high of $23.83. The firm has a market capitalization of $10.52 billion, a P/E ratio of 26.39 and a beta of 0.65.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business had revenue of $327.24 million for the quarter, compared to analyst estimates of $326.43 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Antero Midstream will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.1%. The ex-dividend date was Wednesday, July 29th. Antero Midstream's payout ratio is presently 107.14%.

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.

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