Antero Midstream (NYSE:AM) Cut to Hold at StockNews.com

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research note released on Thursday morning.

Separately, Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a buy rating to a hold rating and boosted their target price for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $12.70.

Antero Midstream Stock Down 0.3 %

Shares of NYSE AM opened at $14.19 on Thursday. The company has a market capitalization of $6.83 billion, a P/E ratio of 17.74 and a beta of 2.25. Antero Midstream has a 52-week low of $9.69 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.25. The company’s 50 day moving average price is $13.70 and its 200-day moving average price is $12.93.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) 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 36.67% and a return on equity of 20.82%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. Equities analysts forecast that Antero Midstream will post 0.96 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s payout ratio is 112.50%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on 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 $2,327,536.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in shares of Antero Midstream by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after acquiring an additional 871 shares in the last quarter. Strs Ohio grew its stake in shares of Antero Midstream by 0.6% in the 3rd quarter. Strs Ohio now owns 151,265 shares of the pipeline company’s stock worth $1,812,000 after acquiring an additional 917 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 919 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Antero Midstream by 6.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,429 shares of the pipeline company’s stock worth $218,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Antero Midstream by 3.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 1,042 shares in the last quarter. Institutional investors and hedge funds 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.