Equities research analysts expect Antero Midstream Partners LP (NYSE:AM) to announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Antero Midstream Partners’ earnings, with estimates ranging from $0.38 to $0.47. Antero Midstream Partners posted earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Antero Midstream Partners will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.61 to $1.93. For the next year, analysts anticipate that the company will post earnings of $2.08 per share, with EPS estimates ranging from $1.28 to $2.59. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 25th. The pipeline company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $229.59 million for the quarter, compared to the consensus estimate of $213.41 million. Antero Midstream Partners had a return on equity of 19.19% and a net margin of 32.52%.
Several brokerages have commented on AM. Barclays cut their price objective on Antero Midstream Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Zacks Investment Research downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 30th. Guggenheim set a $34.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Monday, April 16th. Robert W. Baird set a $49.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Monday, April 9th. Finally, Citigroup dropped their price target on Antero Midstream Partners from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, March 28th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.40.
A number of hedge funds have recently modified their holdings of AM. American Century Companies Inc. bought a new stake in Antero Midstream Partners during the fourth quarter valued at about $295,000. California Public Employees Retirement System bought a new stake in Antero Midstream Partners during the fourth quarter valued at about $301,000. Carnick & Kubik Group LLC boosted its position in Antero Midstream Partners by 69.0% during the fourth quarter. Carnick & Kubik Group LLC now owns 12,172 shares of the pipeline company’s stock valued at $353,000 after purchasing an additional 4,968 shares in the last quarter. First Trust Advisors LP boosted its position in Antero Midstream Partners by 13.9% during the fourth quarter. First Trust Advisors LP now owns 70,293 shares of the pipeline company’s stock valued at $2,041,000 after purchasing an additional 8,575 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Antero Midstream Partners by 52.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 50,221 shares of the pipeline company’s stock valued at $1,458,000 after purchasing an additional 17,370 shares in the last quarter. 48.46% of the stock is currently owned by institutional investors.
Antero Midstream Partners stock traded down $0.55 during mid-day trading on Friday, hitting $30.32. The company’s stock had a trading volume of 611,589 shares, compared to its average volume of 577,126. The company has a market capitalization of $5.78 billion, a PE ratio of 21.66 and a beta of 1.83. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.85. Antero Midstream Partners has a one year low of $24.20 and a one year high of $35.10.
The company also recently declared a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Thursday, May 3rd were given a dividend of $0.39 per share. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, May 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.15%. Antero Midstream Partners’s dividend payout ratio is presently 111.43%.
About Antero Midstream Partners
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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