Antero Midstream Corporation (NYSE:AM) Given Average Recommendation of “Hold” by Brokerages

Antero Midstream Corporation (NYSE:AM) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.1667.

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Morgan Stanley raised their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 23rd. Finally, Zacks Research raised Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the sale, the director owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Antero Midstream

Institutional investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. grew its position in Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 994 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Antero Midstream during the third quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Antero Midstream in the 3rd quarter valued at $28,000. Elevation Wealth Partners LLC purchased a new stake in Antero Midstream during the 4th quarter valued at about $27,000. Finally, Global Retirement Partners LLC grew its stake in Antero Midstream by 33.3% during the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after purchasing an additional 565 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Trading Up 0.3%

Shares of NYSE:AM opened at $17.84 on Friday. Antero Midstream has a 12-month low of $15.07 and a 12-month high of $19.82. The business’s fifty day simple moving average is $17.84 and its 200-day simple moving average is $18.01. The company has a market capitalization of $8.50 billion, a PE ratio of 18.20 and a beta of 0.80. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The firm had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. During the same period in the prior year, the business posted $0.21 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s dividend payout ratio is currently 91.84%.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.