Antero Midstream Partners (NYSE:AM) issued its quarterly earnings data on Wednesday. The pipeline company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03, Yahoo Finance reports. Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. The firm had revenue of $266.21 million during the quarter, compared to analyst estimates of $247.91 million.
AM stock traded down $0.90 during midday trading on Thursday, reaching $29.25. The stock had a trading volume of 678,277 shares, compared to its average volume of 596,735. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 20.89 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.31 and a quick ratio of 1.31. Antero Midstream Partners has a 52-week low of $24.20 and a 52-week high of $34.53.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be paid a $0.44 dividend. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 1st. This represents a $1.76 dividend on an annualized basis and a yield of 6.02%. Antero Midstream Partners’s dividend payout ratio (DPR) is 118.57%.
AM has been the subject of several analyst reports. Wells Fargo & Co increased their price objective on Antero Midstream Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Stifel Nicolaus upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, August 28th. Barclays lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Friday, October 12th. Finally, Raymond James reiterated a “market perform” rating on shares of Antero Midstream Partners in a report on Wednesday, October 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.15.
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.
Read More: How to calculate the intrinsic value of a stock
Receive News & Ratings for Antero Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.