Antero Midstream Corp (NYSE:AM) – Capital One Financial reduced their Q3 2019 earnings estimates for shares of Antero Midstream in a note issued to investors on Thursday, September 19th. Capital One Financial analyst K. May now forecasts that the pipeline company will earn $0.18 per share for the quarter, down from their prior forecast of $0.20. Capital One Financial also issued estimates for Antero Midstream’s Q4 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.21 EPS, Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.21 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.21 EPS, FY2020 earnings at $0.82 EPS and FY2021 earnings at $1.02 EPS.
Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). Antero Midstream had a return on equity of 10.52% and a net margin of 29.31%. The company had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $283.69 million. The business’s quarterly revenue was up 5.4% on a year-over-year basis.
Several other equities research analysts have also issued reports on AM. Robert W. Baird decreased their price target on shares of Antero Midstream from $15.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, September 9th. Citigroup assumed coverage on shares of Antero Midstream in a research note on Tuesday, May 28th. They set a “buy” rating and a $15.00 price target for the company. UBS Group downgraded shares of Antero Midstream from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $13.00 in a report on Thursday, August 1st. ValuEngine downgraded shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Finally, Mitsubishi UFJ Financial Group downgraded shares of Antero Midstream from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $13.00 in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.00.
Shares of AM stock opened at $7.35 on Monday. The company has a 50 day moving average of $7.38 and a 200-day moving average of $11.79. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Antero Midstream has a 12-month low of $6.55 and a 12-month high of $18.82. The firm has a market cap of $3.65 billion, a P/E ratio of 22.27, a PEG ratio of 1.77 and a beta of 1.30.
Hedge funds and other institutional investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC purchased a new position in Antero Midstream in the 1st quarter worth $14,162,000. Cypress Wealth Advisors LLC increased its position in shares of Antero Midstream by 80.9% in the first quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock valued at $1,247,000 after acquiring an additional 40,486 shares during the period. Lee Financial Co purchased a new position in shares of Antero Midstream in the second quarter valued at about $61,000. Finally, Pinnacle Holdings LLC increased its position in shares of Antero Midstream by 2.1% in the second quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock valued at $3,643,000 after acquiring an additional 6,528 shares during the period. 55.71% of the stock is owned by institutional investors.
In other news, Director W Howard Keenan, Jr. sold 2,855,848 shares of Antero Midstream stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $6.81, for a total transaction of $19,448,324.88. Also, insider K. Phil Yoo sold 15,000 shares of Antero Midstream stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $6.97, for a total transaction of $104,550.00. Following the sale, the insider now directly owns 301,955 shares of the company’s stock, valued at $2,104,626.35. The disclosure for this sale can be found here. 7.91% of the stock is owned by company insiders.
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.