Antero Midstream Corporation (NYSE:AM) Receives $18.50 Average Target Price from Analysts

Shares of Antero Midstream Corporation (NYSE:AM) have been given a consensus recommendation of “Hold” by the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.50.

A number of research firms have recently commented on AM. Morgan Stanley boosted their target price on shares of 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 increased their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. The Goldman Sachs Group raised their target price on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Antero Midstream in a research report on Saturday, September 27th. Finally, Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. This represents a 26.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Antero Midstream by 14.8% during the third quarter. GAMMA Investing LLC now owns 10,183 shares of the pipeline company’s stock worth $198,000 after buying an additional 1,310 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Antero Midstream by 12.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 395,636 shares of the pipeline company’s stock worth $7,497,000 after acquiring an additional 43,132 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Antero Midstream by 320.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 594,323 shares of the pipeline company’s stock worth $11,263,000 after acquiring an additional 452,876 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Antero Midstream during the 2nd quarter worth $593,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Antero Midstream by 29,625.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 33,887 shares of the pipeline company’s stock valued at $642,000 after acquiring an additional 33,773 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Trading Down 0.8%

Shares of Antero Midstream stock opened at $19.09 on Friday. The firm has a 50-day simple moving average of $18.30 and a two-hundred day simple moving average of $17.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. Antero Midstream has a fifty-two week low of $14.22 and a fifty-two week high of $19.82. The company has a market cap of $9.13 billion, a P/E ratio of 20.09 and a beta of 0.85.

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

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream’s dividend payout ratio (DPR) is currently 94.74%.

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.