Analysts Set Antero Midstream Co. (NYSE:AM) Price Target at $12.00

Posted by on Apr 25th, 2023

Antero Midstream Co. (NYSE:AM – Get Rating) has received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.00.

A number of analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Antero Midstream in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Capital One Financial restated an “equal weight” rating on shares of Antero Midstream in a report on Thursday, April 20th. Morgan Stanley raised their price objective on shares of Antero Midstream from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Monday, January 9th. Finally, Barclays boosted their price target on shares of Antero Midstream from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 18th.

Antero Midstream Stock Performance

NYSE:AM opened at $10.24 on Friday. The business has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.87. Antero Midstream has a 1 year low of $8.56 and a 1 year high of $11.61. The company has a market capitalization of $4.90 billion, a P/E ratio of 15.06 and a beta of 2.36.

Antero Midstream (NYSE:AM – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The pipeline company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $241.60 million during the quarter, compared to analyst estimates of $235.91 million. Antero Midstream had a return on equity of 17.10% and a net margin of 35.46%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect that Antero Midstream will post 0.81 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Tuesday, April 25th. Antero Midstream’s dividend payout ratio (DPR) is currently 132.35%.

Insider Buying and Selling

In related news, Director David H. Keyte bought 10,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average cost of $10.01 per share, with a total value of $100,100.00. Following the completion of the transaction, the director now directly owns 79,373 shares of the company’s stock, valued at $794,523.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd lifted its stake in shares of Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,199 shares during the period. Castle Wealth Management LLC acquired a new stake in shares of Antero Midstream during the third quarter valued at about $28,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of Antero Midstream in the 4th quarter valued at $31,000. TCI Wealth Advisors Inc. boosted its stake in Antero Midstream by 257.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,849 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 2,052 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Antero Midstream by 666.7% in the fourth quarter. Parallel Advisors LLC now owns 5,160 shares of the pipeline company’s stock valued at $56,000 after buying an additional 4,487 shares in the last quarter. 52.21% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream

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Antero Midstream Corp. is a growth-oriented midstream energy company, which owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.

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