Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 14,940,000 shares, a growth of 20.2% from the February 13th total of 12,430,000 shares. Based on an average trading volume of 2,980,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 4.5% of the company’s stock are short sold.

Antero Midstream Stock Up 0.1 %

AM traded up $0.02 on Thursday, hitting $17.74. The company had a trading volume of 66,589 shares, compared to its average volume of 2,603,833. The stock has a fifty day moving average price of $16.42 and a 200-day moving average price of $15.59. Antero Midstream has a 12-month low of $13.12 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 21.37 and a beta of 2.33.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Analysts predict that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. 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 5.07%. Antero Midstream’s payout ratio is 108.43%.

Institutional Investors Weigh In On Antero Midstream

Large investors have recently modified their holdings of the business. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Brooklyn Investment Group acquired a new position in Antero Midstream in the third quarter valued at approximately $48,000. TD Waterhouse Canada Inc. lifted its holdings in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after acquiring an additional 963 shares during the period. Blue Trust Inc. lifted its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after acquiring an additional 2,612 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after buying an additional 1,962 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company lifted their target price on 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 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.