Antero Midstream Co. (NYSE:AM – Get Free Report) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 13,110,000 shares, a decline of 15.3% from the November 30th total of 15,480,000 shares. Based on an average trading volume of 2,320,000 shares, the short-interest ratio is currently 5.7 days. Currently, 3.9% of the shares of the stock are sold short.
Antero Midstream Trading Down 0.6 %
Shares of NYSE:AM traded down $0.07 during trading on Monday, hitting $12.53. 1,348,300 shares of the company’s stock were exchanged, compared to its average volume of 2,423,198. Antero Midstream has a 1-year low of $9.56 and a 1-year high of $13.46. The firm has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $12.13. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.51. The firm has a market cap of $6.01 billion, a P/E ratio of 17.16 and a beta of 2.26.
Antero Midstream (NYSE:AM – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The pipeline company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Antero Midstream had a net margin of 34.61% and a return on equity of 18.98%. The company had revenue of $263.84 million during the quarter, compared to analysts’ expectations of $256.23 million. Equities analysts predict that Antero Midstream will post 0.86 earnings per share for the current year.
Antero Midstream Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date was Tuesday, October 24th. Antero Midstream’s dividend payout ratio is currently 123.29%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Antero Midstream from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Pickering Energy Partners assumed coverage on shares of Antero Midstream in a research note on Tuesday, October 3rd. They issued an “outperform” rating for the company. The Goldman Sachs Group assumed coverage on shares of Antero Midstream in a research note on Thursday, October 5th. They issued a “neutral” rating and a $12.50 target price for the company. Finally, StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.30.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in Antero Midstream during the first quarter valued at approximately $8,724,000. Mackenzie Financial Corp grew its holdings in Antero Midstream by 70.6% during the second quarter. Mackenzie Financial Corp now owns 278,913 shares of the pipeline company’s stock valued at $3,238,000 after purchasing an additional 115,433 shares during the period. Virtu Financial LLC acquired a new position in Antero Midstream during the second quarter valued at approximately $117,000. Arizona State Retirement System lifted its stake in Antero Midstream by 4.4% in the second quarter. Arizona State Retirement System now owns 94,103 shares of the pipeline company’s stock valued at $1,092,000 after buying an additional 3,985 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Antero Midstream by 45.9% in the second quarter. Private Advisor Group LLC now owns 55,556 shares of the pipeline company’s stock valued at $650,000 after buying an additional 17,470 shares in the last quarter. Institutional investors and hedge funds own 52.02% of the company’s stock.
Antero Midstream Company Profile
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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.