Antero Midstream Corporation (NYSE:AM) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus "Hold" on Antero Midstream from six brokerages (1 sell, 4 hold, 1 strong buy) with an average 12‑month price target of $22.50, and several firms (UBS, Goldman, Wells Fargo) recently raised targets into the $23–$24 range.
• Antero Midstream beat quarterly estimates with $0.28 EPS (vs. $0.24 consensus) and $297M revenue, and pays a quarterly dividend that annualizes to $0.90 (a 3.8% yield104.65%, which may raise sustainability concerns.
• Insiders sold 44,000 shares (~$1.0M) over the past three months, leaving insiders with 0.86% ownership, and institutional investors hold about 53.97% of the stock.

Shares of Antero Midstream Corporation (NYSE:AM - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.50.

Several research firms recently commented on AM. UBS Group boosted their price objective on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday. Weiss Ratings upgraded shares of Antero Midstream from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, March 6th. The Goldman Sachs Group upped their price target on shares of Antero Midstream from $18.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, February 24th. Zacks Research lowered shares of Antero Midstream from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Friday, March 13th.

Antero Midstream Stock Performance

NYSE AM opened at $23.56 on Friday. The business has a 50 day moving average price of $21.10 and a 200 day moving average price of $19.15. The company has a market capitalization of $11.14 billion, a P/E ratio of 27.39 and a beta of 0.77. Antero Midstream has a 1-year low of $15.07 and a 1-year high of $23.84. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $292.46 million. During the same period in the previous year, the business earned $0.23 earnings per share. Antero Midstream's quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 3.8%. Antero Midstream's dividend payout ratio (DPR) is presently 104.65%.

Insider Transactions at Antero Midstream

In other news, insider Yvette K. Schultz sold 25,000 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the transaction, the insider directly owned 649,834 shares of the company's stock, valued at $14,822,713.54. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.16, for a total value of $115,800.00. Following the sale, the director directly owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,000 shares of company stock valued at $1,004,690 over the last three months. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently modified their holdings of the company. Richardson Financial Services Inc. boosted its position in Antero Midstream by 330.2% during 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 during the last quarter. Root Financial Partners LLC acquired a new position in Antero Midstream in the 3rd quarter valued at $25,000. Elevation Wealth Partners LLC purchased a new position in shares of Antero Midstream during the 4th quarter worth $27,000. Quent Capital LLC purchased a new position in shares of Antero Midstream during the 3rd quarter worth $28,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after purchasing an additional 708 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

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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