Antero Midstream (NYSE:AM) Upgraded at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a report published on Tuesday.

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

Antero Midstream Stock Up 0.1 %

Antero Midstream stock opened at $14.42 on Tuesday. The stock has a market capitalization of $6.94 billion, a PE ratio of 18.03 and a beta of 2.26. Antero Midstream has a twelve month low of $10.09 and a twelve month high of $15.10. 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 company has a 50 day moving average of $14.15 and a 200-day moving average of $13.20.

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

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after buying an additional 919 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the last quarter. MCF Advisors LLC purchased a new position in Antero Midstream in the first quarter worth about $34,000. Parkside Financial Bank & Trust boosted its position 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 during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Antero Midstream in the first quarter worth about $48,000. 53.97% of the stock is currently owned by 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.