Brokerages predict that Antero Midstream Partners LP (NYSE:AM) will announce $265.96 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Antero Midstream Partners’ earnings, with the lowest sales estimate coming in at $248.78 million and the highest estimate coming in at $277.70 million. Antero Midstream Partners posted sales of $210.33 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Antero Midstream Partners will report full-year sales of $991.74 million for the current fiscal year, with estimates ranging from $940.14 million to $1.02 billion. For the next financial year, analysts forecast that the company will post sales of $1.18 billion, with estimates ranging from $1.07 billion to $1.27 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating the 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 subject of several recent research reports. ValuEngine lowered Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Barclays lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Friday, October 12th. Credit Suisse Group lowered their price objective on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, November 21st. Wells Fargo & Co raised their price objective on Antero Midstream Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Finally, Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, August 28th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.35.
Institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC purchased a new position in shares of Antero Midstream Partners in the 2nd quarter worth about $228,000. Clinton Group Inc. purchased a new position in shares of Antero Midstream Partners in the 3rd quarter worth about $227,000. GSA Capital Partners LLP purchased a new position in shares of Antero Midstream Partners in the 2nd quarter worth about $260,000. LVW Advisors LLC raised its position in Antero Midstream Partners by 27.5% in the 3rd quarter. LVW Advisors LLC now owns 9,050 shares of the pipeline company’s stock worth $259,000 after buying an additional 1,950 shares during the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in Antero Midstream Partners in the 3rd quarter worth about $266,000. 49.88% of the stock is owned by hedge funds and other institutional investors.
NYSE:AM opened at $27.66 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $5.17 billion, a P/E ratio of 19.76 and a beta of 1.46. Antero Midstream Partners has a twelve month low of $24.20 and a twelve month high of $34.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 2nd were given a dividend of $0.44 per share. The ex-dividend date was Thursday, November 1st. This represents a $1.76 annualized dividend and a yield of 6.36%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.42. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 125.71%.
Antero Midstream Partners Company Profile
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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