Antero Midstream Partners (AM) Sees Unusually-High Trading Volume

Antero Midstream Partners LP (NYSE:AM) saw unusually-strong trading volume on Thursday . Approximately 1,360,232 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 893,983 shares.The stock last traded at $23.88 and had previously closed at $23.79.

Several equities research analysts recently weighed in on AM shares. Capital One Financial cut Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 1st. Credit Suisse Group reduced their price target on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, November 21st. ValuEngine cut Antero Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research raised Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Antero Midstream Partners presently has an average rating of “Hold” and a consensus target price of $33.35.

The company has a market capitalization of $4.74 billion, a P/E ratio of 13.05 and a beta of 1.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.96.

Antero Midstream Partners (NYSE:AM) last released its earnings results on Wednesday, February 13th. The pipeline company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Antero Midstream Partners had a return on equity of 23.34% and a net margin of 46.30%. The firm had revenue of $281.75 million for the quarter, compared to analysts’ expectations of $264.71 million. As a group, analysts anticipate that Antero Midstream Partners LP will post 1.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Stockholders of record on Friday, February 1st were issued a dividend of $0.47 per share. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date of this dividend was Thursday, January 31st. Antero Midstream Partners’s dividend payout ratio is presently 102.73%.

Large investors have recently made changes to their positions in the company. Berman Capital Advisors LLC bought a new position in shares of Antero Midstream Partners during the fourth quarter valued at $115,000. Arlington Partners LLC bought a new position in shares of Antero Midstream Partners during the fourth quarter valued at $150,000. IFP Advisors Inc bought a new position in shares of Antero Midstream Partners during the fourth quarter valued at $154,000. Bessemer Group Inc. lifted its holdings in shares of Antero Midstream Partners by 236.6% during the fourth quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after purchasing an additional 5,534 shares in the last quarter. Finally, LVW Advisors LLC lifted its holdings in shares of Antero Midstream Partners by 10.5% during the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 950 shares in the last quarter. 50.61% of the stock is currently owned by hedge funds and other institutional investors.

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Antero Midstream Partners Company Profile (NYSE:AM)

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.

Further Reading: Limitations of the P/E Growth ratio

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