ValuEngine Lowers Antero Midstream (NYSE:AM) to Strong Sell

ValuEngine downgraded shares of Antero Midstream (NYSE:AM) from a sell rating to a strong sell rating in a report released on Friday, ValuEngine reports.

Other analysts also recently issued research reports about the company. Barclays reaffirmed a buy rating on shares of Ultragenyx Pharmaceutical in a research note on Thursday, May 9th. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Monday, July 8th. Raymond James assumed coverage on Solar Capital in a report on Tuesday, April 16th. They set an outperform rating and a $22.50 price target on the stock. Capital One Financial restated an equal weight rating on shares of Antero Midstream in a research note on Friday, March 22nd. Finally, Citigroup set a $73.00 target price on Esperion Therapeutics and gave the company a buy rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Antero Midstream presently has an average rating of Hold and a consensus target price of $26.11.

Antero Midstream stock opened at $10.98 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. Antero Midstream has a fifty-two week low of $10.12 and a fifty-two week high of $19.67. The firm has a fifty day moving average price of $11.87.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The firm had revenue of $265.80 million during the quarter, compared to analysts’ expectations of $287.06 million. Antero Midstream had a return on equity of 14.35% and a net margin of 35.14%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. On average, equities research analysts anticipate that Antero Midstream will post 0.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Friday, July 26th will be paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Antero Midstream’s previous quarterly dividend of $0.30. Antero Midstream’s payout ratio is presently 366.67%.

In other Antero Midstream news, insider K. Phil Yoo sold 20,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $13.17, for a total transaction of $263,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Yorktown Viii Associates Llc sold 1,825,600 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total transaction of $23,020,816.00. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Bessemer Group Inc. grew its position in shares of Antero Midstream by 236.6% during the 4th quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after acquiring an additional 5,534 shares during the period. Cypress Wealth Advisors LLC raised its position in Antero Midstream by 80.9% in the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares during the period. JJJ Advisors Inc. raised its position in Antero Midstream by 4,661.9% in the 1st quarter. JJJ Advisors Inc. now owns 190,284 shares of the pipeline company’s stock worth $2,622,000 after purchasing an additional 186,288 shares during the period. Northern Trust Corp raised its position in Antero Midstream by 0.3% in the 4th quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after purchasing an additional 512 shares during the period. Finally, Deutsche Bank AG grew its holdings in Antero Midstream by 15.3% in the 4th quarter. Deutsche Bank AG now owns 597,234 shares of the pipeline company’s stock worth $12,774,000 after acquiring an additional 79,115 shares during the last quarter. 58.03% of the stock is owned by institutional investors and hedge funds.

About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Analyst Recommendations for Antero Midstream (NYSE:AM)

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