Antero Midstream Co. (NYSE:AM – Get Rating) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 10,020,000 shares, a growth of 12.3% from the August 31st total of 8,920,000 shares. Based on an average trading volume of 3,520,000 shares, the short-interest ratio is currently 2.8 days. Approximately 3.1% of the shares of the company are sold short.
Antero Midstream Stock Performance
NYSE:AM opened at $9.18 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $9.99 and a two-hundred day moving average price of $10.17. Antero Midstream has a twelve month low of $8.56 and a twelve month high of $11.71. The company has a market capitalization of $4.39 billion, a P/E ratio of 13.30 and a beta of 2.56.
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Antero Midstream (NYSE:AM – Get Rating) last posted its earnings results on Wednesday, July 27th. The pipeline company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Antero Midstream had a net margin of 36.84% and a return on equity of 17.01%. The firm had revenue of $228.91 million during the quarter, compared to the consensus estimate of $238.28 million. During the same period last year, the firm posted $0.23 EPS. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts expect that Antero Midstream will post 0.76 earnings per share for the current fiscal year.
Antero Midstream Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 27th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.80%. Antero Midstream's dividend payout ratio (DPR) is presently 130.44%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on AM. TheStreet cut shares of Antero Midstream from a "b-" rating to a "c" rating in a research note on Wednesday, July 27th. Barclays reduced their price objective on shares of Antero Midstream from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.00.
Institutional Investors Weigh In On Antero Midstream
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Antero Midstream by 11.5% during the first quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company's stock worth $105,000 after buying an additional 994 shares in the last quarter. JGP Wealth Management LLC boosted its position in shares of Antero Midstream by 3.4% in the first quarter. JGP Wealth Management LLC now owns 35,609 shares of the pipeline company's stock worth $388,000 after acquiring an additional 1,177 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Antero Midstream by 2.7% in the second quarter. Franklin Resources Inc. now owns 44,526 shares of the pipeline company's stock worth $403,000 after acquiring an additional 1,183 shares during the last quarter. PDT Partners LLC boosted its position in shares of Antero Midstream by 9.7% in the first quarter. PDT Partners LLC now owns 13,600 shares of the pipeline company's stock worth $148,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Antero Midstream by 5.6% in the second quarter. Advisory Services Network LLC now owns 26,855 shares of the pipeline company's stock worth $243,000 after acquiring an additional 1,429 shares during the last quarter. 52.63% of the stock is currently owned by hedge funds and other institutional investors.
Antero Midstream Company Profile
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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. 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.
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