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

Antero Midstream (NYSE:AM) posted its earnings results on Wednesday. The pipeline company reported $0.23 earnings per share 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 Up 0.3 %

AM stock traded up $0.05 during mid-day trading on Friday, reaching $16.87. The company had a trading volume of 503,439 shares, compared to its average volume of 2,672,334. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $8.12 billion, a PE ratio of 20.87 and a beta of 2.31. The firm has a 50 day moving average of $15.65 and a 200 day moving average of $15.18. Antero Midstream has a 12 month low of $12.15 and a 12 month high of $16.99.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.34%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in 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 target price on the stock. in a report on Wednesday, December 18th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report 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.