Antero Midstream Partners LP (AM) Expected to Post Quarterly Sales of $203.79 Million
Analysts forecast that Antero Midstream Partners LP (NYSE:AM) will report sales of $203.79 million for the current quarter, according to Zacks. Three analysts have provided estimates for Antero Midstream Partners’ earnings, with estimates ranging from $193.40 million to $215.75 million. Antero Midstream Partners posted sales of $150.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 35.4%. The business is scheduled to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Antero Midstream Partners will report full-year sales of $203.79 million for the current fiscal year, with estimates ranging from $747.57 million to $801.43 million. For the next financial year, analysts expect that the business will report sales of $931.63 million per share, with estimates ranging from $823.40 million to $1.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Antero Midstream Partners.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Monday, May 22nd. BidaskClub lowered Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, August 15th. Finally, Guggenheim began coverage on Antero Midstream Partners in a research report on Thursday, July 20th. They set a “buy” rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Antero Midstream Partners has a consensus rating of “Buy” and a consensus target price of $38.18.
Shares of Antero Midstream Partners (NYSE:AM) opened at 31.23 on Friday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 21.22 and a beta of 1.96. The company’s 50 day moving average price is $33.05 and its 200-day moving average price is $33.44. Antero Midstream Partners has a 1-year low of $24.61 and a 1-year high of $35.74.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Thursday, August 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.10%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, August 1st. Antero Midstream Partners’s payout ratio is presently 86.49%.
Large investors have recently bought and sold shares of the stock. Balentine LLC raised its position in Antero Midstream Partners by 5.7% during the first quarter. Balentine LLC now owns 3,892 shares of the pipeline company’s stock valued at $129,000 after buying an additional 210 shares during the period. The Manufacturers Life Insurance Company raised its position in Antero Midstream Partners by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after buying an additional 410 shares during the period. Penserra Capital Management LLC acquired a new position in Antero Midstream Partners during the first quarter valued at $194,000. Signature Financial Management Inc. acquired a new position in Antero Midstream Partners during the first quarter valued at $205,000. Finally, Proficio Capital Partners LLC acquired a new position in Antero Midstream Partners during the first quarter valued at $230,000. 43.25% of the stock is currently owned by hedge funds and other institutional investors.
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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