Antero Midstream Partners LP (AM) Announces Quarterly Earnings Results
Antero Midstream Partners LP (NYSE:AM) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08), reports. Antero Midstream Partners had a return on equity of 21.03% and a net margin of 41.15%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st will be issued a $0.059 dividend. This represents a $0.24 annualized dividend and a yield of 0.82%. Antero Midstream Partners’s payout ratio is currently 86.49%.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the company a “buy” rating in a report on Saturday, July 22nd. Guggenheim started coverage on Antero Midstream Partners in a report on Thursday, July 20th. They issued a “buy” rating and a $37.00 price objective for the company. ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream Partners in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.25.
In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the completion of the transaction, the insider now directly owns 98,870,335 shares of the company’s stock, valued at $3,075,856,121.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.91% of the company’s stock.
A hedge fund recently raised its stake in Antero Midstream Partners stock. The Manufacturers Life Insurance Company increased its holdings in Antero Midstream Partners LP (NYSE:AM) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,347 shares of the pipeline company’s stock after purchasing an additional 410 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Antero Midstream Partners were worth $177,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 43.01% of the company’s stock.
About Antero Midstream Partners
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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