Antero Midstream GP LP (AMGP) Expected to Announce Earnings of $0.14 Per Share

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Equities analysts expect Antero Midstream GP LP (NYSE:AMGP) to announce earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Antero Midstream GP’s earnings. Antero Midstream GP reported earnings of $0.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 600%. The firm is scheduled to issue its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Antero Midstream GP will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts expect that the business will post earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The firm had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $33.39 million. Antero Midstream GP had a net margin of 32.91% and a return on equity of 199.85%. The company’s revenue for the quarter was up 116.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS.

A number of research analysts have weighed in on AMGP shares. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective on shares of Antero Midstream GP in a report on Tuesday. ValuEngine upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Wells Fargo & Co decreased their price objective on Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Antero Midstream GP currently has an average rating of “Hold” and a consensus price target of $22.00.

Shares of AMGP stock opened at $17.12 on Tuesday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 570.67 and a beta of 1.68. Antero Midstream GP has a fifty-two week low of $14.85 and a fifty-two week high of $22.39.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 2nd were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 1st. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.11. Antero Midstream GP’s payout ratio is currently 1,666.67%.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction on Friday, August 17th. The stock was sold at an average price of $18.81, for a total transaction of $940,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $16.76, for a total value of $83,800.00. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently bought and sold shares of AMGP. Wells Fargo & Company MN increased its position in shares of Antero Midstream GP by 21.5% during the 1st quarter. Wells Fargo & Company MN now owns 101,823 shares of the company’s stock worth $1,628,000 after purchasing an additional 18,026 shares during the last quarter. Swiss National Bank increased its position in shares of Antero Midstream GP by 104.1% during the 1st quarter. Swiss National Bank now owns 129,600 shares of the company’s stock worth $2,072,000 after purchasing an additional 66,100 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Antero Midstream GP by 1,672.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,724,404 shares of the company’s stock worth $27,573,000 after purchasing an additional 1,627,120 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Antero Midstream GP by 29.7% during the 1st quarter. Teacher Retirement System of Texas now owns 16,596 shares of the company’s stock worth $265,000 after purchasing an additional 3,804 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Antero Midstream GP by 511.0% during the 1st quarter. Northern Trust Corp now owns 86,638 shares of the company’s stock worth $1,385,000 after purchasing an additional 72,458 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.

Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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