Antero Midstream Co. (NYSE:AM) Sees Significant Increase in Short Interest

Antero Midstream Co. (NYSE:AM) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 14,940,000 shares, a growth of 20.2% from the February 13th total of 12,430,000 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 2,980,000 shares, the short-interest ratio is presently 5.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AM. Norges Bank acquired a new position in shares of Antero Midstream during the fourth quarter worth approximately $62,578,000. SIR Capital Management L.P. acquired a new position in Antero Midstream during the 4th quarter worth $35,058,000. Balyasny Asset Management L.P. grew its stake in shares of Antero Midstream by 7,769.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock worth $15,513,000 after purchasing an additional 1,014,951 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Antero Midstream by 22.5% during the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock valued at $61,950,000 after purchasing an additional 753,939 shares during the period. Finally, FMR LLC increased its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after purchasing an additional 600,208 shares during the period. Institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

Antero Midstream Stock Performance

NYSE AM traded up $0.24 during trading hours on Wednesday, reaching $17.69. The company’s stock had a trading volume of 3,914,378 shares, compared to its average volume of 2,614,442. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The business has a 50-day simple moving average of $16.38 and a 200 day simple moving average of $15.57. Antero Midstream has a 52 week low of $13.12 and a 52 week high of $17.75. The stock has a market cap of $8.46 billion, a PE ratio of 21.31 and a beta of 2.33.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Equities research analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.09%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.