Short Interest in Antero Midstream Co. (NYSE:AM) Expands By 6.1%

Antero Midstream Co. (NYSE:AM) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 10,120,000 shares, a growth of 6.1% from the August 31st total of 9,540,000 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

Several research firms recently weighed in on AM. Morgan Stanley boosted their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One analyst has 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 stock has a consensus rating of “Hold” and an average price target of $13.88.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its holdings in shares of Antero Midstream by 4.7% during the fourth quarter. Wells Fargo & Company MN now owns 735,675 shares of the pipeline company’s stock worth $9,218,000 after purchasing an additional 33,291 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Antero Midstream by 143.5% in the fourth quarter. Franklin Resources Inc. now owns 175,631 shares of the pipeline company’s stock valued at $2,201,000 after acquiring an additional 103,516 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Antero Midstream by 3.3% during the fourth quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after acquiring an additional 871 shares during the period. Treasurer of the State of North Carolina raised its holdings in Antero Midstream by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 150,363 shares of the pipeline company’s stock worth $1,884,000 after purchasing an additional 1,470 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Antero Midstream by 46,665.4% in the 4th quarter. TFO Wealth Partners LLC now owns 12,159 shares of the pipeline company’s stock valued at $152,000 after purchasing an additional 12,133 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.1 %

NYSE:AM opened at $15.21 on Wednesday. The company has a market capitalization of $7.32 billion, a PE ratio of 19.01 and a beta of 2.34. Antero Midstream has a 52-week low of $11.50 and a 52-week high of $15.30. The stock’s 50 day moving average price is $14.52 and its 200 day moving average price is $14.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $269.70 million during the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, research analysts anticipate that Antero Midstream will post 0.85 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.92%. Antero Midstream’s payout ratio is 112.50%.

About Antero Midstream

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.