Antero Midstream (NYSE:AM) Hits New 52-Week High – Time to Buy?

Shares of Antero Midstream Co. (NYSE:AM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.87 and last traded at $16.86, with a volume of 3660291 shares. The stock had previously closed at $15.85.

Wall Street Analyst Weigh In

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

Antero Midstream Stock Performance

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 $8.03 billion, a price-to-earnings ratio of 20.60 and a beta of 2.31. The firm’s 50-day moving average price is $15.68 and its 200 day moving average price is $15.19.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%. On average, sell-side analysts anticipate that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.39%. Antero Midstream’s dividend payout ratio is presently 111.11%.

Institutional Trading of Antero Midstream

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. grew its stake in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after acquiring an additional 34,222 shares during the period. Van ECK Associates Corp raised its holdings in Antero Midstream by 98.6% during the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares during the period. JPMorgan Chase & Co. lifted its stake in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after buying an additional 203,967 shares in the last quarter. Creative Planning boosted its holdings in shares of Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock valued at $1,642,000 after buying an additional 33,054 shares during the period. Finally, Columbus Macro LLC bought a new stake in shares of Antero Midstream during the fourth quarter worth $6,977,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Company Profile

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.