Antero Midstream Corporation (NYSE:AM) Receives $22.50 Average Target Price from Analysts

Antero Midstream Corporation (NYSE:AM) has been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.50.

A number of brokerages recently commented on AM. The Goldman Sachs Group lifted their price objective on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. UBS Group lifted their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th.

Antero Midstream Stock Down 1.5%

Shares of AM opened at $22.78 on Friday. The business’s fifty day moving average price is $21.39 and its two-hundred day moving average price is $19.26. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 26.49 and a beta of 0.77. Antero Midstream has a 52 week low of $15.07 and a 52 week high of $23.83. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio is 104.65%.

Insider Transactions at Antero Midstream

In related news, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction on Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the completion of the sale, the insider directly owned 649,834 shares of the company’s stock, valued at $14,822,713.54. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sheri Pearce sold 14,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the sale, the insider owned 99,900 shares of the company’s stock, valued at $2,273,724. This represents a 12.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,000 shares of company stock worth $1,004,690 in the last three months. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently modified their holdings of the stock. Richardson Financial Services Inc. raised its position in shares of Antero Midstream by 330.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 994 shares during the period. Root Financial Partners LLC bought a new position in Antero Midstream during the 3rd quarter worth approximately $25,000. Elevation Wealth Partners LLC acquired a new position in Antero Midstream during the fourth quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in Antero Midstream in the third quarter valued at approximately $28,000. Finally, Larson Financial Group LLC raised its holdings in Antero Midstream by 68.1% in the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 708 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream

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.