Antero Midstream (NYSE:AM) Issues 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 analysts’ consensus estimates 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 on Wednesday, reaching $15.85. The company had a trading volume of 3,011,838 shares, compared to its average volume of 2,619,966. 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 firm has a market cap of $7.63 billion, a PE ratio of 19.57 and a beta of 2.31. The firm’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $15.16. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.86.

Antero Midstream Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AM. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 18th.

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.