Antero Midstream GP LP (AMGP) Expected to Post Earnings of $0.14 Per Share

Equities research analysts predict that Antero Midstream GP LP (NYSE:AMGP) will announce earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Antero Midstream GP’s earnings. Antero Midstream GP posted earnings per share of $0.02 during the same quarter last year, which suggests a positive year-over-year growth rate of 600%. The firm is expected to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Antero Midstream GP will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts anticipate that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last posted its earnings results on Wednesday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). The company had revenue of $33.14 million during the quarter, compared to analyst estimates of $33.39 million. Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The firm’s revenue for the quarter was up 116.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share.

Several brokerages have commented on AMGP. ValuEngine raised Antero Midstream GP from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Wells Fargo & Co dropped their price target on Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. Zacks Investment Research raised Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Stifel Nicolaus raised Antero Midstream GP to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.33.

Shares of NYSE AMGP opened at $16.64 on Tuesday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 554.67 and a beta of 1.68. Antero Midstream GP has a 12 month low of $14.85 and a 12 month high of $22.39.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 2nd were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 1st. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.11. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.00%. Antero Midstream GP’s payout ratio is currently 1,666.67%.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $18.81, for a total transaction of $940,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider K. Phil Yoo sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total value of $83,800.00. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its position in shares of Antero Midstream GP by 73.0% during the first quarter. Quantbot Technologies LP now owns 7,460 shares of the company’s stock valued at $119,000 after purchasing an additional 3,148 shares during the period. Teacher Retirement System of Texas increased its position in shares of Antero Midstream GP by 29.7% during the first quarter. Teacher Retirement System of Texas now owns 16,596 shares of the company’s stock valued at $265,000 after purchasing an additional 3,804 shares during the period. Guggenheim Capital LLC increased its position in shares of Antero Midstream GP by 8.8% during the first quarter. Guggenheim Capital LLC now owns 72,902 shares of the company’s stock valued at $1,166,000 after purchasing an additional 5,888 shares during the period. Franklin Square Holdings L.P. increased its position in shares of Antero Midstream GP by 20.0% during the second quarter. Franklin Square Holdings L.P. now owns 39,650 shares of the company’s stock valued at $748,000 after purchasing an additional 6,600 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in shares of Antero Midstream GP by 0.7% during the second quarter. Artisan Partners Limited Partnership now owns 1,126,433 shares of the company’s stock valued at $21,245,000 after purchasing an additional 7,427 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

About Antero Midstream GP

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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