FY2018 EPS Estimates for Antero Midstream Partners LP Reduced by Analyst (AM)
Antero Midstream Partners LP (NYSE:AM) – Analysts at Capital One Financial Corporation lowered their FY2018 earnings per share (EPS) estimates for Antero Midstream Partners in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst K. May now forecasts that the pipeline company will post earnings per share of $2.14 for the year, down from their previous forecast of $2.20.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings results on Monday, May 8th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Antero Midstream Partners had a return on equity of 21.03% and a net margin of 41.15%. The company had revenue of $174.77 million during the quarter, compared to the consensus estimate of $184.45 million. WARNING: This article was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/fy2018-eps-estimates-for-antero-midstream-partners-lp-reduced-by-analyst-am.html.
Several other research analysts also recently weighed in on the company. Zacks Investment Research upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. Guggenheim began coverage on Antero Midstream Partners in a research note on Thursday, July 20th. They issued a “buy” rating and a $37.00 target price on the stock. BidaskClub upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $41.00 target price on shares of Antero Midstream Partners in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Antero Midstream Partners has a consensus rating of “Buy” and a consensus price target of $39.00.
Antero Midstream Partners (AM) opened at 34.10 on Monday. Antero Midstream Partners has a one year low of $24.61 and a one year high of $35.74. The firm has a market capitalization of $6.36 billion, a P/E ratio of 23.10 and a beta of 1.96. The firm has a 50-day moving average price of $32.92 and a 200-day moving average price of $33.77.
Hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in Antero Midstream Partners during the second quarter valued at approximately $5,938,000. BB&T Securities LLC boosted its stake in Antero Midstream Partners by 20.7% in the second quarter. BB&T Securities LLC now owns 40,454 shares of the pipeline company’s stock valued at $1,342,000 after buying an additional 6,939 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Antero Midstream Partners during the second quarter valued at approximately $604,000. Proficio Capital Partners LLC boosted its stake in Antero Midstream Partners by 6.4% in the second quarter. Proficio Capital Partners LLC now owns 7,055 shares of the pipeline company’s stock valued at $247,000 after buying an additional 424 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Antero Midstream Partners by 3.6% in the second quarter. Alps Advisors Inc. now owns 5,631,289 shares of the pipeline company’s stock valued at $186,846,000 after buying an additional 197,826 shares in the last quarter. 46.99% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Thursday, August 3rd will be issued a $0.32 dividend. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, August 1st. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.
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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