Wall Street brokerages expect Antero Midstream Partners (NYSE:AM) to post sales of $230.17 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Antero Midstream Partners’ earnings, with estimates ranging from $221.00 million to $242.61 million. Antero Midstream Partners posted sales of $193.77 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.8%. The company is scheduled to report its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Antero Midstream Partners will report full-year sales of $902.93 million for the current financial year, with estimates ranging from $781.00 million to $1.00 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.15 billion per share, with estimates ranging from $1.02 billion to $1.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Antero Midstream Partners.
Antero Midstream Partners (NYSE:AM) last announced its earnings results on Wednesday, April 25th. The pipeline company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $229.59 million for the quarter, compared to analyst estimates of $213.41 million. Antero Midstream Partners had a return on equity of 19.19% and a net margin of 32.52%.
Shares of Antero Midstream Partners traded up $0.19, reaching $28.16, during midday trading on Monday, according to MarketBeat.com. The stock had a trading volume of 604,386 shares, compared to its average volume of 377,559. Antero Midstream Partners has a 12-month low of $24.20 and a 12-month high of $35.55. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $5.23 billion, a P/E ratio of 20.11 and a beta of 1.79.
The business also recently announced a quarterly dividend, which was paid on Friday, May 18th. Investors of record on Thursday, May 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, May 2nd. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 5.54%. Antero Midstream Partners’s dividend payout ratio is currently 111.43%.
A number of hedge funds have recently modified their holdings of the stock. Atlantic Trust Group LLC boosted its holdings in Antero Midstream Partners by 18.0% during the 1st quarter. Atlantic Trust Group LLC now owns 1,836,296 shares of the pipeline company’s stock valued at $47,542,000 after acquiring an additional 280,673 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in Antero Midstream Partners by 8.9% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 11,306,444 shares of the pipeline company’s stock valued at $292,724,000 after acquiring an additional 926,431 shares during the period. Zimmer Partners LP purchased a new stake in Antero Midstream Partners during the 1st quarter valued at about $17,450,000. Mountain Lake Investment Management LLC purchased a new stake in Antero Midstream Partners during the 1st quarter valued at about $7,379,000. Finally, Guggenheim Capital LLC boosted its holdings in Antero Midstream Partners by 24.6% during the 1st quarter. Guggenheim Capital LLC now owns 61,420 shares of the pipeline company’s stock valued at $1,591,000 after acquiring an additional 12,146 shares during the period. Institutional investors own 48.85% of the company’s stock.
About Antero Midstream Partners
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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