Brokerages Expect Antero Midstream Partners LP (AM) Will Post Quarterly Sales of $196.64 Million
Brokerages expect Antero Midstream Partners LP (NYSE:AM) to announce $196.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Antero Midstream Partners’ earnings. The highest sales estimate is $206.00 million and the lowest is $182.90 million. Antero Midstream Partners posted sales of $136.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.7%. The business is expected to announce its next quarterly earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Antero Midstream Partners will report full year sales of $196.64 million for the current fiscal year, with estimates ranging from $734.83 million to $828.08 million. For the next fiscal year, analysts forecast that the business will report sales of $939.86 million per share, with estimates ranging from $818.85 million to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Antero Midstream Partners had a return on equity of 19.78% and a net margin of 38.95%. The firm had revenue of $174.77 million during the quarter, compared to analyst estimates of $184.45 million.
Several equities research analysts have recently issued reports on AM shares. Morgan Stanley reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. Credit Suisse Group initiated coverage on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. They issued an “outperform” rating and a $44.00 price target for the company. Barclays PLC reissued an “overweight” rating and issued a $40.00 price target on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. Capital One Financial Corporation initiated coverage on shares of Antero Midstream Partners in a research report on Thursday, March 30th. They issued an “overweight” rating for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Antero Midstream Partners in a research report on Monday, May 29th. They issued a “buy” rating and a $45.00 price target for the company. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.20.
Shares of Antero Midstream Partners (NYSE AM) opened at 32.95 on Thursday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 24.26 and a beta of 1.96. Antero Midstream Partners has a one year low of $24.39 and a one year high of $35.74. The stock’s 50 day moving average price is $34.03 and its 200 day moving average price is $33.08.
Large investors have recently made changes to their positions in the stock. Homrich & Berg bought a new stake in shares of Antero Midstream Partners during the first quarter worth $249,000. Bollard Group LLC boosted its stake in shares of Antero Midstream Partners by 0.8% in the first quarter. Bollard Group LLC now owns 9,689 shares of the pipeline company’s stock worth $321,000 after buying an additional 79 shares during the last quarter. Spirit of America Management Corp NY boosted its stake in shares of Antero Midstream Partners by 9.5% in the first quarter. Spirit of America Management Corp NY now owns 730,034 shares of the pipeline company’s stock worth $24,208,000 after buying an additional 63,510 shares during the last quarter. Clinton Group Inc. acquired a new stake in shares of Antero Midstream Partners during the first quarter worth approximately $2,151,000. Finally, BB&T Securities LLC acquired a new stake in shares of Antero Midstream Partners during the first quarter worth approximately $1,111,000. 46.60% of the stock is owned by hedge funds and other institutional investors.
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Antero Midstream Partners Company Profile
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.
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