Antero Midstream Corporation (NYSE:AM) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Antero Midstream, with five hold ratings and one buy; the average 12-month price target is $24.50.
• Antero Midstream matched quarterly EPS estimates at $0.27 and reported $327.24 million in revenue, up 7.1% year over year.
• The company pays a quarterly dividend of $0.225, equivalent to $0.90 annually and a 4.2% yield, though its payout ratio is elevated at 107.14%.

Antero Midstream Corporation (NYSE:AM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.50.

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price target on Antero Midstream from $23.00 to $24.00 and gave the company an "equal weight" rating in a report 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 Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% 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, Director Brooks Klimley sold 5,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the sale, the director directly owned 68,204 shares in the company, valued at $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AM. Continuum Advisory LLC bought a new stake in shares of Antero Midstream during the second quarter valued at approximately $25,000. Clearstead Trust LLC bought a new position in Antero Midstream in the 2nd quarter worth approximately $30,000. Ancora Advisors LLC acquired a new position in Antero Midstream during the 2nd quarter worth $38,000. Larson Financial Group LLC lifted its holdings in Antero Midstream by 68.1% during the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after buying an additional 708 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in shares of Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company's stock worth $46,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $21.21 on Friday. The stock's fifty day simple moving average is $22.21 and its 200 day simple moving average is $22.14. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 25.25 and a beta of 0.65. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream has a 52-week low of $16.96 and a 52-week high of $23.83.

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. The firm had revenue of $327.24 million for the quarter, compared to analysts' expectations of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.Antero Midstream's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Antero Midstream will post 1.09 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 12th. Shareholders of record on Wednesday, July 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. Antero Midstream's dividend payout ratio (DPR) is currently 107.14%.

About Antero Midstream

Antero Midstream Corp. NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream's gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company's operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.

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