Antero Midstream (NYSE:AM) Sets New 52-Week High – Still a Buy?

Shares of Antero Midstream Co. (NYSE:AM) reached a new 52-week high during trading on Monday . The company traded as high as $18.11 and last traded at $17.90, with a volume of 244371 shares. The stock had previously closed at $17.80.

Analysts Set New Price Targets

AM has been the topic of several research reports. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Performance

The company has a fifty day moving average price of $16.59 and a two-hundred day moving average price of $15.69. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $8.63 billion, a P/E ratio of 21.72 and a beta of 2.33.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Equities analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.99%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. raised its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares during the last quarter. Brooklyn Investment Group bought a new position in Antero Midstream during the third quarter worth $48,000. TD Waterhouse Canada Inc. lifted its holdings in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after buying an additional 963 shares during the period. Blue Trust Inc. boosted its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after acquiring an additional 2,612 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after acquiring an additional 1,962 shares during the period. 53.97% of the stock is currently owned by institutional investors.

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.