Analysts Set Antero Midstream Corporation (NYSE:AM) Target Price at $22.50

Shares of Antero Midstream Corporation (NYSE:AM) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.50.

A number of brokerages recently weighed in on AM. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. Wells Fargo & Company increased their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group upped their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th.

Antero Midstream Stock Performance

Shares of AM stock opened at $23.21 on Friday. Antero Midstream has a 12-month low of $15.07 and a 12-month high of $23.83. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 26.99 and a beta of 0.77. The business has a 50 day simple moving average of $21.20 and a 200 day simple moving average of $19.19.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The firm had revenue of $297.00 million for the quarter, compared to the consensus estimate of $292.46 million. During the same quarter in the previous year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s dividend payout ratio is 104.65%.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the sale, the insider owned 99,900 shares of the company’s stock, valued at approximately $2,273,724. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the sale, the director owned 69,680 shares of the company’s stock, valued at approximately $1,613,788.80. This trade represents a 6.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,000 shares of company stock valued at $1,004,690. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Antero Midstream by 22.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after acquiring an additional 1,430,138 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Antero Midstream by 40.8% during the third quarter. Oppenheimer & Co. Inc. now owns 504,755 shares of the pipeline company’s stock valued at $9,812,000 after purchasing an additional 146,300 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Antero Midstream by 21.0% in the 3rd quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock valued at $59,913,000 after purchasing an additional 535,245 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Antero Midstream in the 3rd quarter valued at $2,676,000. Finally, Envestnet Asset Management Inc. increased its stake in Antero Midstream by 20.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 779,641 shares of the pipeline company’s stock worth $15,156,000 after purchasing an additional 133,737 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.