Antero Midstream (NYSE:AM) Hits New 1-Year High - Time to Buy?

Antero Midstream Co. (NYSE:AM - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.42 and last traded at $18.37, with a volume of 475979 shares traded. The stock had previously closed at $18.27.

Analyst Ratings Changes

AM has been the topic of several research reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Down 1.2 %

The company has a market cap of $7.72 billion, a P/E ratio of 19.44 and a beta of 1.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company's 50-day moving average is $16.82 and its two-hundred day moving average is $15.87.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results 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 18.82% and a net margin of 36.24%. As a group, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is presently 108.43%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Antero Midstream by 2,311.6% during the 1st quarter. GAMMA Investing LLC now owns 153,666 shares of the pipeline company's stock valued at $2,766,000 after buying an additional 147,294 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Antero Midstream by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,434 shares of the pipeline company's stock worth $354,000 after acquiring an additional 1,660 shares during the period. Comprehensive Money Management Services LLC purchased a new stake in Antero Midstream during the fourth quarter valued at $229,000. Jefferies Financial Group Inc. bought a new position in Antero Midstream in the fourth quarter valued at about $756,000. Finally, Forum Financial Management LP boosted its position in Antero Midstream by 23.0% in the fourth quarter. Forum Financial Management LP now owns 18,833 shares of the pipeline company's stock worth $284,000 after purchasing an additional 3,519 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.