Antero Midstream (NYSE:AM) Hits New 52-Week High - Should You Buy?

Antero Midstream Co. (NYSE:AM - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $16.87 and last traded at $16.86, with a volume of 3660291 shares. The stock had previously closed at $15.85.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent analyst reports. Wells Fargo & Company cut Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 target price on the stock. in a research note on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Tuesday, February 4th.

Antero Midstream Trading Down 0.8 %

The firm has a fifty day moving average of $15.71 and a two-hundred day moving average of $15.22. The company has a market cap of $7.99 billion, a PE ratio of 20.60 and a beta of 2.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%. As a group, sell-side analysts predict that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.39%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio (DPR) is currently 108.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Antero Midstream by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,747 shares of the pipeline company's stock valued at $13,622,000 after acquiring an additional 32,713 shares during the last quarter. Voloridge Investment Management LLC boosted its position in shares of Antero Midstream by 4.1% during the 4th quarter. Voloridge Investment Management LLC now owns 1,522,766 shares of the pipeline company's stock valued at $22,979,000 after acquiring an additional 59,704 shares during the last quarter. Vident Advisory LLC bought a new stake in Antero Midstream in the 4th quarter worth approximately $2,869,000. Two Sigma Investments LP lifted its position in Antero Midstream by 86.2% in the 4th quarter. Two Sigma Investments LP now owns 185,053 shares of the pipeline company's stock worth $2,792,000 after buying an additional 85,653 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Antero Midstream by 19.2% in the 4th quarter. Two Sigma Advisers LP now owns 318,000 shares of the pipeline company's stock worth $4,799,000 after buying an additional 51,300 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

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.