Stock Traders Purchase Large Volume of Put Options on Antero Midstream (NYSE:AM)

Antero Midstream Co. (NYSE:AM - Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors acquired 26,566 put options on the stock. This represents an increase of approximately 685% compared to the average daily volume of 3,383 put options.

Antero Midstream Price Performance

Antero Midstream stock traded down $0.11 during trading hours on Thursday, reaching $16.22. 3,406,324 shares of the stock were exchanged, compared to its average volume of 2,895,016. The stock has a 50 day moving average of $15.95 and a two-hundred day moving average of $15.34. The company has a market cap of $7.76 billion, a P/E ratio of 19.54 and a beta of 2.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream has a twelve month low of $13.12 and a twelve month high of $16.99.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Equities analysts expect that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders 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 dividend yield of 5.55%. Antero Midstream's payout ratio is currently 108.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in Antero Midstream in the 3rd quarter valued at approximately $38,000. Financial Management Professionals Inc. grew its position in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. increased its stake in shares of Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the third quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock worth $68,000 after purchasing an additional 818 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AM has been the topic of several recent research reports. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

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.