Analysts Set Antero Midstream Co. (NYSE:AM) Price Target at $12.70

Shares of Antero Midstream Co. (NYSE:AM) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.70.

A number of research firms recently weighed in on AM. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their target price 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 note on Saturday.

Antero Midstream Stock Up 0.5 %

AM opened at $14.29 on Wednesday. Antero Midstream has a 52 week low of $10.09 and a 52 week high of $14.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The firm has a 50-day simple moving average of $13.86 and a two-hundred day simple moving average of $13.01. The company has a market capitalization of $6.87 billion, a PE ratio of 17.86 and a beta of 2.26.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The firm had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same period in the previous year, the company posted $0.21 earnings per share. Antero Midstream’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts forecast that Antero Midstream will post 0.89 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $0.225 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.30%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of 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 available through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently modified their holdings of AM. Lindbrook Capital LLC lifted its holdings in Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after buying an additional 919 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,753 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Antero Midstream in the first quarter valued at approximately $34,000. Parkside Financial Bank & Trust grew its stake in Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Antero Midstream during the 1st quarter worth $48,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

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.