Antero Midstream (NYSE:AM) Price Target Raised to $17.50 at The Goldman Sachs Group

Antero Midstream (NYSE:AM) had its price objective increased by The Goldman Sachs Group from $15.50 to $17.50 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the pipeline company’s stock.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Antero Midstream Price Performance

AM opened at $17.53 on Monday. The stock has a 50-day moving average price of $18.00 and a 200-day moving average price of $17.54. Antero Midstream has a 12-month low of $14.06 and a 12-month high of $19.08. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.39 billion, a P/E ratio of 18.45 and a beta of 0.97.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The business had revenue of $305.47 million during the quarter, compared to analysts’ expectations of $292.70 million. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Equities analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream’s payout ratio is currently 94.74%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Transce3nd LLC purchased a new stake in Antero Midstream in the first quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. increased its position in shares of Antero Midstream by 58.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after acquiring an additional 1,000 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Antero Midstream by 401.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after acquiring an additional 2,224 shares during the period. UMB Bank n.a. increased its position in shares of Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company’s stock worth $62,000 after acquiring an additional 2,188 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after acquiring an additional 1,328 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.