Antero Midstream Partners LP (AM) Expected to Announce Quarterly Sales of $212.04 Million
Brokerages predict that Antero Midstream Partners LP (NYSE:AM) will report $212.04 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Antero Midstream Partners’ earnings, with the highest sales estimate coming in at $230.41 million and the lowest estimate coming in at $202.70 million. Antero Midstream Partners posted sales of $166.85 million during the same quarter last year, which suggests a positive year over year growth rate of 27.1%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Antero Midstream Partners will report full year sales of $212.04 million for the current fiscal year, with estimates ranging from $729.71 million to $792.58 million. For the next year, analysts anticipate that the company will report sales of $887.48 million per share, with estimates ranging from $781.00 million to $1.07 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Antero Midstream Partners.
A number of brokerages have recently commented on AM. TheStreet raised shares of Antero Midstream Partners from a “c” rating to a “b” rating in a report on Monday, November 6th. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Saturday, October 21st. Robert W. Baird set a $42.00 target price on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Thursday, October 12th. Seaport Global Securities began coverage on shares of Antero Midstream Partners in a report on Tuesday, October 10th. They set a “buy” rating and a $44.00 target price for the company. Finally, ValuEngine raised shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.25.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st were paid a $0.059 dividend. This represents a $0.24 annualized dividend and a yield of 0.81%. Antero Midstream Partners’s dividend payout ratio (DPR) is 95.10%.
A number of institutional investors have recently modified their holdings of AM. The Manufacturers Life Insurance Company raised its position in shares of Antero Midstream Partners by 8.3% in the 2nd 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 in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at approximately $227,000. Guild Investment Management Inc. bought a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at approximately $236,000. Northern Trust Corp bought a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at approximately $245,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of Antero Midstream Partners by 6.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 7,055 shares of the pipeline company’s stock valued at $247,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 49.39% of the company’s stock.
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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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