Antero Midstream (AM) Scheduled to Post Quarterly Earnings on Wednesday

Antero Midstream (NYSE:AM) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Antero Midstream to post earnings of $0.23 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to the consensus estimate of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Stock Down 0.5 %

NYSE:AM opened at $13.59 on Wednesday. The firm’s 50-day moving average price is $13.38 and its 200-day moving average price is $12.82. The company has a market capitalization of $6.52 billion, a PE ratio of 17.64 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95. Antero Midstream has a 1-year low of $9.69 and a 1-year high of $14.52.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 116.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AM shares. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $12.70.

Insider Activity at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of AM. Captrust Financial Advisors boosted its holdings in shares of Antero Midstream by 11.5% in the first quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company’s stock worth $105,000 after buying an additional 994 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Antero Midstream by 7.7% in the third quarter. Integrated Wealth Concepts LLC now owns 13,968 shares of the pipeline company’s stock worth $167,000 after buying an additional 1,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Antero Midstream by 2.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 54,804 shares of the pipeline company’s stock worth $687,000 after buying an additional 1,072 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Antero Midstream by 9.9% in the first quarter. Apollon Wealth Management LLC now owns 12,497 shares of the pipeline company’s stock worth $131,000 after buying an additional 1,124 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Antero Midstream by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 148,133 shares of the pipeline company’s stock worth $1,718,000 after buying an additional 1,140 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.