Antero Midstream Co. (NYSE:AM) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Defense World Staff on May 17th, 2023

Antero Midstream Co. (NYSE:AM – Get Rating) has earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.33.

Several research firms have recently issued reports on AM. Capital One Financial reiterated an “equal weight” rating on shares of Antero Midstream in a report on Thursday, April 20th. StockNews.com assumed coverage on shares of Antero Midstream in a report on Thursday, March 16th. They set a “hold” rating on the stock. UBS Group initiated coverage on shares of Antero Midstream in a report on Wednesday, May 10th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Barclays boosted their target price 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.

Insider Activity at Antero Midstream

In related news, insider Michael N. Kennedy sold 300,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $10.47, for a total value of $3,141,000.00. Following the transaction, the insider now directly owns 1,060,730 shares in the company, valued at $11,105,843.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Michael N. Kennedy sold 300,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $10.47, for a total value of $3,141,000.00. Following the completion of the transaction, the insider now owns 1,060,730 shares of the company’s stock, valued at $11,105,843.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David H. Keyte purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was purchased at an average price of $10.01 per share, with a total value of $100,100.00. Following the purchase, the director now owns 79,373 shares of the company’s stock, valued at $794,523.73. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its position in shares of Antero Midstream by 9.9% in the 1st quarter. Apollon Wealth Management LLC now owns 12,497 shares of the pipeline company’s stock worth $131,000 after purchasing an additional 1,124 shares during the period. State Street Corp grew its position in Antero Midstream by 1.3% during the first quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock valued at $102,686,000 after buying an additional 123,885 shares during the period. Steward Partners Investment Advisory LLC grew its position in Antero Midstream by 1,731.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 6,354 shares of the pipeline company’s stock valued at $67,000 after buying an additional 6,007 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Midstream by 3.9% during the first quarter. Geode Capital Management LLC now owns 4,514,247 shares of the pipeline company’s stock valued at $47,354,000 after purchasing an additional 169,464 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new stake in Antero Midstream during the first quarter valued at about $266,000. 52.21% of the stock is owned by institutional investors.

Antero Midstream Trading Down 1.2 %

Shares of AM opened at $10.40 on Wednesday. The stock has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.68. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $4.99 billion, a PE ratio of 15.07 and a beta of 2.36. Antero Midstream has a fifty-two week low of $8.56 and a fifty-two week high of $11.61.

Antero Midstream (NYSE:AM – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The pipeline company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $241.60 million during the quarter, compared to analysts’ expectations of $235.91 million. Antero Midstream had a net margin of 34.62% and a return on equity of 17.56%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, analysts forecast that Antero Midstream will post 0.8 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were paid a $0.225 dividend. The ex-dividend date was Tuesday, April 25th. This represents a $0.90 dividend on an annualized basis and a yield of 8.65%. Antero Midstream’s payout ratio is currently 130.43%.

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.