Key Points
- Director Brooks Klimley sold 5,000 shares on Dec. 16 at an average price of $17.59 for $87,950, reducing his stake by 6.44% to 72,622 shares (about $1.28M).
- Antero Midstream posted Q results of $0.27 EPS versus a $0.25 consensus and $294.82M in revenue (a beat), although revenue was down 8.4% year-over-year.
- The company pays a quarterly dividend of $0.225 (annualized $0.90), implying a 5.1% dividend yield with a payout ratio of 91.84%.
Antero Midstream Corporation (NYSE:AM - Get Free Report) Director Brooks Klimley sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the sale, the director directly owned 72,622 shares of the company's stock, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Antero Midstream Trading Down 1.9%
NYSE:AM opened at $17.67 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46. The stock's 50 day simple moving average is $17.95 and its 200-day simple moving average is $18.13. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82. The firm has a market cap of $8.41 billion, a P/E ratio of 18.03 and a beta of 0.82.
Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $294.82 million for the quarter, compared to analysts' expectations of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. Antero Midstream's revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Equities analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream's payout ratio is 91.84%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AM. Weiss Ratings restated a "buy (b+)" rating on shares of Antero Midstream in a research report on Monday. Zacks Research cut Antero Midstream from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Morgan Stanley lifted their price target on Antero Midstream from $19.00 to $20.00 and gave the company an "underweight" rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen cut Antero Midstream from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $18.83.
Check Out Our Latest Research Report on Antero Midstream
Institutional Trading of Antero Midstream
Several institutional investors and hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. raised its position in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock worth $25,000 after purchasing an additional 994 shares during the last quarter. Root Financial Partners LLC purchased a new position in Antero Midstream during the third quarter worth $25,000. Quent Capital LLC purchased a new position in Antero Midstream during the third quarter worth $28,000. Global Retirement Partners LLC raised its holdings in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company's stock worth $44,000 after acquiring an additional 565 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Antero Midstream by 138.1% in the third quarter. Hantz Financial Services Inc. now owns 2,688 shares of the pipeline company's stock valued at $52,000 after acquiring an additional 1,559 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.
About Antero Midstream
(
Get Free Report)
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.
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