Antero Midstream Co. (NYSE:AM) Short Interest Up 6.9% in June

Antero Midstream Co. (NYSE:AM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 14,160,000 shares, an increase of 6.9% from the May 31st total of 13,240,000 shares. Based on an average trading volume of 2,310,000 shares, the short-interest ratio is presently 6.1 days. Currently, 4.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AM. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Up 0.8 %

Shares of NYSE:AM traded up $0.11 during trading on Tuesday, reaching $14.77. 1,885,111 shares of the company were exchanged, compared to its average volume of 2,597,661. The firm has a market capitalization of $7.11 billion, a PE ratio of 18.46 and a beta of 2.38. The business’s fifty day simple moving average is $14.48 and its 200-day simple moving average is $13.52. Antero Midstream has a 12-month low of $11.37 and a 12-month high of $15.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25.

Antero Midstream (NYSE:AM) last issued its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. On average, research analysts anticipate that Antero Midstream will post 0.87 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is 112.50%.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in Antero Midstream by 78.5% in the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the last quarter. MCF Advisors LLC purchased a new position in Antero Midstream in the first quarter worth $34,000. Parkside Financial Bank & Trust lifted its stake in shares of Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,930 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in shares of Antero Midstream during the first quarter worth $48,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.