Antero Midstream (NYSE:AM) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Separately, Tudor, Pickering, Holt & Co. lowered Antero Midstream from a buy rating to a hold rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Antero Midstream currently has an average rating of Hold and a consensus target price of $12.70.

Antero Midstream Trading Down 0.3 %

AM opened at $14.19 on Thursday. The business has a 50 day simple moving average of $13.70 and a two-hundred day simple moving average of $12.94. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.74 and a beta of 2.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 0.95. Antero Midstream has a one year low of $9.69 and a one year high of $14.52.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $260.17 million during the quarter, compared to analyst estimates of $261.04 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. Antero Midstream’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. Analysts predict that Antero Midstream will post 0.96 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in AM. SG Americas Securities LLC boosted its stake in Antero Midstream by 3.8% during the 3rd quarter. SG Americas Securities LLC now owns 59,426 shares of the pipeline company’s stock valued at $712,000 after purchasing an additional 2,175 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Antero Midstream in the 3rd quarter worth $97,000. All Season Financial Advisors Inc. purchased a new position in shares of Antero Midstream in the 3rd quarter worth $576,000. SVB Wealth LLC boosted its stake in shares of Antero Midstream by 44.0% in the 3rd quarter. SVB Wealth LLC now owns 21,807 shares of the pipeline company’s stock worth $261,000 after buying an additional 6,664 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Antero Midstream by 8.0% in the 3rd quarter. Xponance Inc. now owns 57,654 shares of the pipeline company’s stock worth $691,000 after buying an additional 4,254 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

About Antero Midstream

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.