Antero Midstream (NYSE:AM) Hits New 12-Month High – Time to Buy?

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AM shares. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th.

Antero Midstream Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average of $16.59 and a 200 day moving average of $15.69. The firm has a market capitalization of $8.63 billion, a PE ratio of 21.72 and a beta of 2.33.

Antero Midstream (NYSE:AM) last released its 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%. As a group, research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Institutional Investors Weigh In On Antero Midstream

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Antero Midstream in the fourth quarter valued at approximately $62,578,000. SIR Capital Management L.P. purchased a new position in shares of Antero Midstream during the 4th quarter valued at $35,058,000. Balyasny Asset Management L.P. grew its stake in shares of Antero Midstream by 7,769.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock worth $15,513,000 after acquiring an additional 1,014,951 shares during the period. Northern Trust Corp increased its holdings in Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock worth $61,950,000 after acquiring an additional 753,939 shares during the last quarter. Finally, FMR LLC raised its stake in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.