Wall Street analysts expect Antero Midstream Partners LP (NYSE:AM) to post sales of $265.96 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Antero Midstream Partners’ earnings, with estimates ranging from $248.78 million to $277.70 million. Antero Midstream Partners reported sales of $210.33 million in the same quarter last year, which suggests a positive year over year growth rate of 26.4%. The business is expected to issue its next quarterly earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that Antero Midstream Partners will report full year sales of $991.74 million for the current financial year, with estimates ranging from $940.14 million to $1.02 billion. For the next year, analysts forecast that the business will post sales of $1.18 billion, with estimates ranging from $1.07 billion to $1.27 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $266.21 million for the quarter, compared to analysts’ expectations of $247.91 million. Antero Midstream Partners had a net margin of 32.54% and a return on equity of 21.74%.
AM has been the topic of several analyst reports. ValuEngine upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Raymond James reiterated a “market perform” rating on shares of Antero Midstream Partners in a research note on Wednesday, October 10th. Wells Fargo & Co lifted their price target on shares of Antero Midstream Partners from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 11th. Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Antero Midstream Partners has an average rating of “Hold” and a consensus target price of $34.15.
Shares of Antero Midstream Partners stock opened at $28.28 on Friday. The firm has a market cap of $5.36 billion, a PE ratio of 20.20 and a beta of 1.46. Antero Midstream Partners has a 1-year low of $24.20 and a 1-year high of $34.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.24 and a current ratio of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be paid a dividend of $0.44 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.22%. Antero Midstream Partners’s payout ratio is 125.71%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AM. Wells Fargo & Company MN increased its holdings in Antero Midstream Partners by 28.7% in the 1st quarter. Wells Fargo & Company MN now owns 59,559 shares of the pipeline company’s stock valued at $1,542,000 after acquiring an additional 13,276 shares during the last quarter. California Public Employees Retirement System increased its holdings in Antero Midstream Partners by 46.9% in the 1st quarter. California Public Employees Retirement System now owns 15,250 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 4,869 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Antero Midstream Partners by 24.6% in the 1st quarter. Guggenheim Capital LLC now owns 61,420 shares of the pipeline company’s stock valued at $1,591,000 after acquiring an additional 12,146 shares during the last quarter. Ballentine Partners LLC increased its holdings in Antero Midstream Partners by 39.5% in the 2nd quarter. Ballentine Partners LLC now owns 29,245 shares of the pipeline company’s stock valued at $863,000 after acquiring an additional 8,275 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. bought a new stake in Antero Midstream Partners in the 2nd quarter valued at $261,000. Institutional investors own 47.49% of the company’s stock.
About Antero Midstream Partners
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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