Equities research analysts forecast that Antero Midstream Partners (NYSE:AM) will announce $0.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Antero Midstream Partners’ earnings, with estimates ranging from $0.38 to $0.48. Antero Midstream Partners reported earnings of $0.39 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The company is expected to report its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Antero Midstream Partners will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.51 to $1.95. For the next year, analysts anticipate that the firm will report earnings of $2.07 per share, with EPS estimates ranging from $1.28 to $2.47. Zacks’ EPS averages are an average based on a survey of analysts that follow Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Wednesday, April 25th. The pipeline company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Antero Midstream Partners had a net margin of 32.52% and a return on equity of 19.19%. The firm had revenue of $229.59 million during the quarter, compared to analysts’ expectations of $213.41 million.
A number of research firms recently commented on AM. Zacks Investment Research cut shares of Antero Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Barclays dropped their price target on shares of Antero Midstream Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th. Guggenheim set a $34.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, April 16th. Robert W. Baird set a $49.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, April 9th. Finally, Seaport Global Securities cut shares of Antero Midstream Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $37.00 to $25.00 in a research note on Monday, April 9th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Antero Midstream Partners currently has a consensus rating of “Buy” and an average target price of $35.38.
A number of institutional investors have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. boosted its position in Antero Midstream Partners by 8.9% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 11,306,444 shares of the pipeline company’s stock valued at $292,724,000 after buying an additional 926,431 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Antero Midstream Partners by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock valued at $290,031,000 after purchasing an additional 728,024 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Antero Midstream Partners by 15.1% in the 4th quarter. Alps Advisors Inc. now owns 7,270,043 shares of the pipeline company’s stock valued at $211,122,000 after purchasing an additional 951,855 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Antero Midstream Partners by 9.1% in the 1st quarter. Neuberger Berman Group LLC now owns 6,281,423 shares of the pipeline company’s stock valued at $162,626,000 after purchasing an additional 523,863 shares in the last quarter. Finally, Tinicum Inc raised its holdings in shares of Antero Midstream Partners by 19.2% in the 1st quarter. Tinicum Inc now owns 4,027,276 shares of the pipeline company’s stock valued at $104,266,000 after purchasing an additional 649,944 shares in the last quarter. 48.85% of the stock is owned by institutional investors.
Shares of Antero Midstream Partners traded up $0.32, reaching $27.97, during trading hours on Friday, Marketbeat Ratings reports. 404,761 shares of the stock were exchanged, compared to its average volume of 545,651. Antero Midstream Partners has a 12-month low of $27.32 and a 12-month high of $27.67. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.10 billion, a PE ratio of 20.21 and a beta of 1.79.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, May 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.58%. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, May 2nd. Antero Midstream Partners’s payout ratio is 111.43%.
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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