Antero Midstream (AM) Scheduled to Post Earnings on Wednesday

Antero Midstream (NYSE:AM - Get Free Report) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The business had revenue of $269.70 million during the quarter, compared to the consensus estimate of $274.66 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business's revenue was up 4.4% on a year-over-year basis. On average, analysts expect Antero Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Antero Midstream Price Performance

Antero Midstream stock traded down $0.16 during midday trading on Wednesday, reaching $14.80. The company's stock had a trading volume of 4,073,361 shares, compared to its average volume of 2,658,236. The stock has a market cap of $7.12 billion, a PE ratio of 18.50 and a beta of 2.34. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of $14.92 and a 200-day moving average price of $14.58. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $15.87.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Wednesday, October 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 112.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AM. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the transaction, the insider now directly owns 130,349 shares of the company's stock, valued at $1,901,791.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

About Antero Midstream

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.