Antero Midstream Co. (NYSE:AM) Given Consensus Rating of "Hold" by Analysts

Shares of Antero Midstream Co. (NYSE:AM - Get Free Report) have been given a consensus rating of "Hold" by the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.70.

A number of analysts have issued reports on the stock. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating and boosted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Thursday, April 25th.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,394 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company's stock, valued at approximately $2,327,536.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company's stock worth $445,389,000 after purchasing an additional 193,263 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company's stock worth $401,745,000 after acquiring an additional 135,163 shares during the last quarter. RR Advisors LLC lifted its holdings in shares of Antero Midstream by 2.9% in the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company's stock worth $72,785,000 after acquiring an additional 169,000 shares during the last quarter. Norges Bank bought a new stake in Antero Midstream during the 4th quarter valued at $54,704,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Antero Midstream by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company's stock valued at $45,141,000 after buying an additional 99,592 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Performance

NYSE AM traded down $0.14 during trading on Wednesday, reaching $13.70. The company's stock had a trading volume of 3,644,296 shares, compared to its average volume of 2,710,268. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 17.13 and a beta of 2.25. Antero Midstream has a 12 month low of $10.09 and a 12 month high of $14.52. The firm has a 50 day moving average price of $13.76 and a 200 day moving average price of $12.96.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Antero Midstream will post 0.93 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream's payout ratio is 112.50%.

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.