Antero Midstream (NYSE:AM) Announces Quarterly Earnings Results

Antero Midstream (NYSE:AM) issued its earnings results on Wednesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%.

Antero Midstream Trading Down 1.6 %

Shares of Antero Midstream stock traded down $0.26 during midday trading on Wednesday, reaching $15.85. 3,010,212 shares of the company’s stock traded hands, compared to its average volume of 2,619,881. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $7.63 billion, a PE ratio of 19.57 and a beta of 2.31. The stock has a 50 day moving average of $15.62 and a 200-day moving average of $15.16. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.86.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.68%. Antero Midstream’s dividend payout ratio is presently 111.11%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Wednesday, December 18th.

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.