Wall Street brokerages expect Antero Midstream Partners LP (NYSE:AM) to announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Antero Midstream Partners’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.52. Antero Midstream Partners reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Antero Midstream Partners will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.56 to $1.93. For the next financial year, analysts forecast that the company will post earnings of $2.14 per share, with EPS estimates ranging from $1.62 to $2.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. The business had revenue of $250.98 million for the quarter, compared to analyst estimates of $233.23 million.
Several equities research analysts have recently commented on AM shares. Barclays lowered their price target on shares of Antero Midstream Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, April 17th. Zacks Investment Research lowered shares of Antero Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Wells Fargo & Co lifted their price objective on shares of Antero Midstream Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus lowered shares of Antero Midstream Partners from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $37.00 to $35.00 in a research note on Thursday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $34.77.
A number of institutional investors have recently added to or reduced their stakes in AM. Tortoise Index Solutions LLC lifted its stake in Antero Midstream Partners by 16.2% in the second quarter. Tortoise Index Solutions LLC now owns 13,282 shares of the pipeline company’s stock valued at $392,000 after buying an additional 1,855 shares in the last quarter. Keybank National Association OH lifted its stake in Antero Midstream Partners by 16.1% in the second quarter. Keybank National Association OH now owns 15,493 shares of the pipeline company’s stock valued at $457,000 after buying an additional 2,143 shares in the last quarter. US Bancorp DE lifted its stake in Antero Midstream Partners by 23.0% in the second quarter. US Bancorp DE now owns 12,778 shares of the pipeline company’s stock valued at $377,000 after buying an additional 2,387 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in Antero Midstream Partners by 12.5% in the first quarter. First Republic Investment Management Inc. now owns 43,711 shares of the pipeline company’s stock valued at $1,131,000 after buying an additional 4,853 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Antero Midstream Partners by 46.9% in the first quarter. California Public Employees Retirement System now owns 15,250 shares of the pipeline company’s stock valued at $395,000 after buying an additional 4,869 shares in the last quarter. 48.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AM traded down $0.17 during trading on Tuesday, hitting $32.25. 2,742,669 shares of the company’s stock were exchanged, compared to its average volume of 612,174. Antero Midstream Partners has a 1-year low of $24.20 and a 1-year high of $34.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 21.47 and a beta of 1.88.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 17th. Investors of record on Thursday, August 2nd will be paid a dividend of $0.415 per share. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, August 1st. This represents a $1.66 annualized dividend and a yield of 5.15%. Antero Midstream Partners’s dividend payout ratio (DPR) is presently 118.57%.
About Antero Midstream Partners
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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