Equities analysts expect Antero Midstream Partners LP (NYSE:AM) to report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Antero Midstream Partners’ earnings, with estimates ranging from $0.39 to $0.47. Antero Midstream Partners posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 13th.
On average, analysts expect that Antero Midstream Partners will report full-year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.72. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.81 per share, with EPS estimates ranging from $1.52 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Antero Midstream Partners.
Several research analysts have commented on AM shares. Zacks Investment Research downgraded Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. ValuEngine downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Capital One Financial downgraded Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 1st. Credit Suisse Group dropped their price target on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, November 21st. Finally, Stifel Nicolaus downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating and dropped their price target for the company from $35.00 to $33.00 in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.35.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 13th. Stockholders of record on Friday, February 1st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date of this dividend is Thursday, January 31st. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.44. Antero Midstream Partners’s dividend payout ratio (DPR) is 134.29%.
Several institutional investors and hedge funds have recently modified their holdings of AM. Arlington Partners LLC bought a new stake in shares of Antero Midstream Partners during the 4th quarter valued at about $150,000. IFP Advisors Inc bought a new stake in shares of Antero Midstream Partners during the 4th quarter valued at about $154,000. LVW Advisors LLC boosted its position in shares of Antero Midstream Partners by 10.5% during the 4th quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after acquiring an additional 950 shares during the last quarter. Clinton Group Inc. bought a new stake in shares of Antero Midstream Partners during the 3rd quarter valued at about $227,000. Finally, A. D. Beadell Investment Counsel Inc. boosted its position in shares of Antero Midstream Partners by 22.3% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 10,825 shares of the pipeline company’s stock valued at $231,000 after acquiring an additional 1,975 shares during the last quarter. Hedge funds and other institutional investors own 49.24% 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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