Antero Midstream (NYSE:AM) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Antero Midstream (NYSE:AM) released its quarterly earnings data on Wednesday. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate 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 %

NYSE AM traded down $0.26 during trading hours on Wednesday, hitting $15.85. 3,011,838 shares of the company’s stock were exchanged, 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 capitalization of $7.63 billion, a P/E ratio of 19.57 and a beta of 2.31. The business’s 50 day moving average is $15.62 and its 200-day moving average is $15.16. Antero Midstream has a 12-month low of $11.58 and a 12-month high of $16.86.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.68%. Antero Midstream’s payout ratio is currently 111.11%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

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.