Antero Midstream Partners (AM) Posts Earnings Results, Beats Expectations By $0.02 EPS

Antero Midstream Partners (NYSE:AM) posted its earnings results on Tuesday. The pipeline company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02, reports. Antero Midstream Partners had a return on equity of 19.38% and a net margin of 38.18%.

Antero Midstream Partners (NYSE AM) traded up $0.20 on Tuesday, hitting $28.25. The stock had a trading volume of 607,312 shares, compared to its average volume of 523,924. The company has a market capitalization of $5,230.00, a PE ratio of 19.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.74. Antero Midstream Partners has a 1 year low of $25.71 and a 1 year high of $35.55. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.00.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.365 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, January 31st. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.17%. Antero Midstream Partners’s dividend payout ratio is currently 102.10%.

A number of equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $37.00 target price on shares of Antero Midstream Partners in a research report on Wednesday, January 17th. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, October 21st. Credit Suisse Group began coverage on Antero Midstream Partners in a research note on Friday, January 5th. They set an “outperform” rating and a $35.00 price objective on the stock. Zacks Investment Research cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Antero Midstream Partners in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. Antero Midstream Partners currently has a consensus rating of “Buy” and an average target price of $39.55.

A hedge fund recently bought a new stake in Antero Midstream Partners stock. Northern Trust Corp bought a new stake in shares of Antero Midstream Partners LP (NYSE:AM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,391 shares of the pipeline company’s stock, valued at approximately $245,000. Institutional investors own 49.97% 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.

Earnings History for Antero Midstream Partners (NYSE:AM)

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