Antero Midstream Partners LP (NYSE:AM) was the recipient of a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 17,122,940 shares, a decrease of 27.3% from the March 15th total of 23,558,196 shares. Currently, 5.9% of the shares of the company are short sold. Based on an average daily volume of 4,213,294 shares, the days-to-cover ratio is presently 4.1 days.
AM has been the subject of several analyst reports. Capital One Financial reissued an “equal weight” rating on shares of Antero Midstream Partners in a report on Friday, March 22nd. ValuEngine raised shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research raised shares of Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.28.
Antero Midstream Partners stock opened at $14.27 on Monday. The company has a market capitalization of $2.61 billion, a P/E ratio of 43.24 and a beta of 1.82. Antero Midstream Partners has a 12-month low of $10.12 and a 12-month high of $19.91.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.10. Antero Midstream Partners had a return on equity of 246.65% and a net margin of 43.36%. The business had revenue of $281.75 million during the quarter, compared to the consensus estimate of $264.71 million. As a group, analysts predict that Antero Midstream Partners will post 0.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th will be paid a $0.3025 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.21 annualized dividend and a yield of 8.48%. Antero Midstream Partners’s payout ratio is 200.00%.
In related news, insider Michael N. Kennedy sold 210,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.45, for a total value of $2,614,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.91% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of AM. Tortoise Capital Advisors L.L.C. boosted its stake in Antero Midstream Partners by 22.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock worth $367,166,000 after purchasing an additional 2,333,845 shares during the period. Alps Advisors Inc. boosted its stake in Antero Midstream Partners by 12.6% in the 4th quarter. Alps Advisors Inc. now owns 8,720,902 shares of the pipeline company’s stock worth $186,540,000 after purchasing an additional 974,888 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Antero Midstream Partners by 30.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,702,656 shares of the pipeline company’s stock worth $57,810,000 after purchasing an additional 626,056 shares during the period. Chickasaw Capital Management LLC boosted its stake in Antero Midstream Partners by 4.7% in the 4th quarter. Chickasaw Capital Management LLC now owns 5,224,644 shares of the pipeline company’s stock worth $111,755,000 after purchasing an additional 234,350 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in Antero Midstream Partners in the 4th quarter worth approximately $4,701,000. Institutional investors and hedge funds own 50.22% of the company’s stock.
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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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