Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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. The Water Handling segment delivers fresh water; and offers pumping stations, water storage, and blending facilities. The company was incorporated in 2013 and is headquartered in Denver, Colorado.
Wall Street Analyst Weigh In
Several analysts recently commented on AM shares. Barclays dropped their price target on Antero Midstream from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Wednesday, July 20th. Wells Fargo & Company upgraded Antero Midstream from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $12.00 to $13.00 in a research report on Thursday, April 28th. Finally, TheStreet cut Antero Midstream from a "b-" rating to a "c" rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $11.00.
Antero Midstream Stock Down 1.6 %
Shares of NYSE:AM opened at $10.26 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $9.71 and a two-hundred day moving average of $10.17. The stock has a market cap of $4.91 billion, a P/E ratio of 14.87 and a beta of 2.61. Antero Midstream has a 52-week low of $8.42 and a 52-week high of $11.71.
Antero Midstream (NYSE:AM - Get Rating) last issued its earnings results on Wednesday, July 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Antero Midstream had a net margin of 36.84% and a return on equity of 17.01%. The company had revenue of $228.91 million during the quarter, compared to analysts' expectations of $238.28 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts expect that Antero Midstream will post 0.79 earnings per share for the current year.
Antero Midstream Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 27th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.77%. The ex-dividend date was Tuesday, July 26th. Antero Midstream's dividend payout ratio (DPR) is presently 130.44%.
Insider Activity
In other news, Director W Howard Keenan, Jr. sold 303,254 shares of the company's stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $10.32, for a total value of $3,129,581.28. Following the transaction, the director now owns 517,138 shares of the company's stock, valued at approximately $5,336,864.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director W Howard Keenan, Jr. sold 68,502 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $10.19, for a total transaction of $698,035.38. Following the transaction, the director now owns 311,778 shares of the company's stock, valued at approximately $3,177,017.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 303,254 shares of the company's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $10.32, for a total value of $3,129,581.28. Following the sale, the director now owns 517,138 shares in the company, valued at approximately $5,336,864.16. The disclosure for this sale can be found here. Insiders have sold a total of 865,620 shares of company stock valued at $8,963,071 in the last quarter. Insiders own 0.80% of the company's stock.