Antero Midstream (NYSE:AM) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Antero Midstream (NYSE:AM) posted its quarterly earnings results on Wednesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Antero Midstream had a net margin of 36.16% and a return on equity of 18.91%.

Antero Midstream Stock Performance

Antero Midstream stock traded down $0.26 during midday trading on Wednesday, reaching $15.85. The stock had a trading volume of 3,010,212 shares, compared to its average volume of 2,619,881. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.86. The firm’s 50-day moving average price is $15.62 and its 200 day moving average price is $15.16. The firm has a market capitalization of $7.63 billion, a PE ratio of 19.57 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AM. 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 downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 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.