Antero Midstream (AM) Scheduled to Post Quarterly Earnings on Wednesday

Antero Midstream (NYSE:AM) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $13.59 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49. The stock has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $12.82. The company has a market cap of $6.52 billion, a PE ratio of 17.64 and a beta of 2.25. Antero Midstream has a 12-month low of $9.69 and a 12-month high of $14.52.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.62%. Antero Midstream’s dividend payout ratio is presently 116.88%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Antero Midstream

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Antero Midstream by 1.2% in the second quarter. BlackRock Inc. now owns 38,226,899 shares of the pipeline company’s stock valued at $443,432,000 after purchasing an additional 460,065 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock valued at $445,389,000 after purchasing an additional 193,263 shares in the last quarter. State Street Corp increased its stake in shares of Antero Midstream by 1.3% in the first quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock worth $102,686,000 after acquiring an additional 123,885 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Antero Midstream by 51.3% in the first quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company’s stock worth $56,759,000 after acquiring an additional 1,769,545 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Antero Midstream by 9.2% in the third quarter. Morgan Stanley now owns 5,206,758 shares of the pipeline company’s stock worth $62,377,000 after acquiring an additional 438,489 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

AM has been the topic of several recent analyst reports. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and boosted their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.70.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.