Antero Midstream Corp (NYSE:AM) – Equities researchers at Capital One Financial raised their Q4 2019 earnings per share (EPS) estimates for shares of Antero Midstream in a research report issued on Monday, December 9th. Capital One Financial analyst K. May now expects that the pipeline company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.17. Capital One Financial also issued estimates for Antero Midstream’s Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.25 EPS, FY2020 earnings at $0.94 EPS and FY2021 earnings at $1.14 EPS.
Several other brokerages have also commented on AM. Wells Fargo & Co lowered shares of Antero Midstream from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $10.00 to $8.00 in a research note on Wednesday, November 6th. LADENBURG THALM/SH SH dropped their price target on shares of Antero Midstream from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird dropped their price target on shares of Antero Midstream from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday. Barclays set a $8.00 price target on shares of Antero Midstream and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Raymond James lowered shares of Antero Midstream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Antero Midstream has a consensus rating of “Hold” and a consensus price target of $10.80.
Shares of AM opened at $5.55 on Tuesday. The company’s fifty day moving average is $5.78 and its 200-day moving average is $8.46. Antero Midstream has a 12 month low of $4.26 and a 12 month high of $14.65. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.88 and a beta of 1.13. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.75.
Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Tuesday, October 29th. The pipeline company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.19. Antero Midstream had a negative net margin of 32.31% and a positive return on equity of 13.53%. The company had revenue of $243.80 million for the quarter, compared to analyst estimates of $269.56 million. The business’s revenue for the quarter was up 544.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of AM. Pinnacle Holdings LLC boosted its holdings in shares of Antero Midstream by 2.1% during the 2nd quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock worth $3,643,000 after buying an additional 6,528 shares during the period. State of Alaska Department of Revenue bought a new stake in Antero Midstream in the 3rd quarter valued at $339,000. Chickasaw Capital Management LLC bought a new stake in Antero Midstream in the 3rd quarter valued at $107,841,000. Advantage Investment Management LLC bought a new stake in Antero Midstream in the 3rd quarter valued at $242,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Antero Midstream in the 3rd quarter valued at $122,000. 67.34% of the stock is owned by institutional investors and hedge funds.
In related news, Director Peter Kagan sold 22,965,437 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $6.52, for a total transaction of $149,734,649.24. Following the completion of the sale, the director now directly owns 49,722 shares of the company’s stock, valued at approximately $324,187.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider K. Phil Yoo sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $4.51, for a total transaction of $90,200.00. Over the last ninety days, insiders have sold 22,998,150 shares of company stock valued at $150,439,014.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, November 1st were issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 22.20%. The ex-dividend date was Thursday, October 31st. Antero Midstream’s dividend payout ratio is currently 372.73%.
Antero Midstream Company Profile
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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