Antero Midstream Corp (NYSE:AM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 48,810,000 shares, a growth of 25.5% from the August 30th total of 38,890,000 shares. Based on an average trading volume of 7,100,000 shares, the short-interest ratio is presently 6.9 days. Approximately 19.4% of the shares of the stock are short sold.
In other news, insider K. Phil Yoo sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total transaction of $104,550.00. Following the sale, the insider now owns 301,955 shares in the company, valued at $2,104,626.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 2,855,848 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $6.81, for a total value of $19,448,324.88.
Several institutional investors and hedge funds have recently modified their holdings of the company. Chickasaw Capital Management LLC acquired a new position in Antero Midstream in the third quarter valued at about $107,841,000. Pacer Advisors Inc. acquired a new stake in shares of Antero Midstream during the third quarter worth about $687,000. State of Alaska Department of Revenue acquired a new stake in shares of Antero Midstream during the third quarter worth about $339,000. Cypress Wealth Advisors LLC raised its position in shares of Antero Midstream by 80.9% during the first quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of Antero Midstream during the third quarter worth about $286,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of AM traded up $0.09 during trading hours on Monday, hitting $7.41. 141,554 shares of the stock traded hands, compared to its average volume of 8,169,586. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. Antero Midstream has a 1-year low of $6.55 and a 1-year high of $18.49. The firm has a market capitalization of $3.62 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.31. The business has a fifty day moving average of $7.19 and a 200-day moving average of $10.62.
Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). Antero Midstream had a net margin of 29.31% and a return on equity of 10.52%. The firm had revenue of $255.62 million for the quarter, compared to analyst estimates of $283.69 million. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Antero Midstream will post 0.7 earnings per share for the current fiscal year.
Several analysts have recently commented on AM shares. Zacks Investment Research upgraded Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Monday, July 8th. Mitsubishi UFJ Financial Group lowered Antero Midstream from an “overweight” rating to a “neutral” rating and cut their price target for the company from $17.00 to $13.00 in a research note on Friday, August 2nd. Raymond James lowered Antero Midstream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. ValuEngine raised Antero Midstream from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lowered Antero Midstream from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $11.00 in a research note on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Antero Midstream currently has an average rating of “Hold” and a consensus price target of $14.56.
About Antero Midstream
Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.
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