Analysts predict that Antero Midstream Partners LP (NYSE:AM) will post $265.96 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Antero Midstream Partners’ earnings, with estimates ranging from $248.78 million to $277.70 million. Antero Midstream Partners posted sales of $210.33 million in the same quarter last year, which suggests a positive year over year growth rate of 26.4%. The firm is expected to report its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that Antero Midstream Partners will report full year sales of $1.01 billion for the current financial year, with estimates ranging from $963.15 million to $1.03 billion. For the next financial year, analysts anticipate that the business will report sales of $1.22 billion, with estimates ranging from $1.15 billion to $1.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Antero Midstream Partners had a net margin of 32.54% and a return on equity of 21.74%. The firm had revenue of $266.21 million for the quarter, compared to analysts’ expectations of $247.91 million.
Several analysts recently weighed in on the stock. Barclays cut shares of Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $33.00 to $36.00 in a report on Friday, October 12th. Credit Suisse Group cut their price target on shares of Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, August 10th. ValuEngine cut shares of Antero Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, Wells Fargo & Co lifted their price target on shares of Antero Midstream Partners from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 11th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.35.
A number of large investors have recently added to or reduced their stakes in AM. Tortoise Capital Advisors L.L.C. boosted its holdings in Antero Midstream Partners by 22.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock valued at $367,166,000 after acquiring an additional 2,333,845 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Antero Midstream Partners during the 2nd quarter valued at $56,618,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at $37,139,000. Alps Advisors Inc. boosted its holdings in shares of Antero Midstream Partners by 6.2% during the 3rd quarter. Alps Advisors Inc. now owns 7,746,014 shares of the pipeline company’s stock valued at $222,001,000 after buying an additional 451,249 shares in the last quarter. Finally, Pennant Investors LP bought a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at $11,464,000. Institutional investors and hedge funds own 49.74% of the company’s stock.
Shares of Antero Midstream Partners stock traded down $0.07 on Monday, hitting $27.23. The stock had a trading volume of 830,362 shares, compared to its average volume of 460,341. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.24 and a current ratio of 1.24. Antero Midstream Partners has a one year low of $24.20 and a one year high of $34.53. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 19.45 and a beta of 1.43.
The business also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $1.76 annualized dividend and a yield of 6.46%. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.42. Antero Midstream Partners’s payout ratio is 125.71%.
Antero Midstream Partners Company Profile
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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