Antero Midstream (NYSE:AM) Announces Earnings Results

Antero Midstream (NYSE:AM) released its earnings results on Wednesday. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04), Zacks reports. The firm had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.

Antero Midstream Price Performance

Shares of AM traded down $0.35 during mid-day trading on Friday, hitting $13.69. 4,148,569 shares of the company traded hands, compared to its average volume of 2,834,408. Antero Midstream has a one year low of $11.50 and a one year high of $15.21. The company has a current ratio of 0.89, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of $14.59 and a 200 day moving average of $13.85. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 17.11 and a beta of 2.38.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.90 annualized dividend and a dividend yield of 6.57%. Antero Midstream’s dividend payout ratio (DPR) is currently 112.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Antero Midstream has an average rating of “Moderate Buy” and an average target price of $13.17.

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.