Antero Midstream Co. (NYSE:AM) Plans Quarterly Dividend of $0.23

Antero Midstream Co. (NYSE:AM) declared a quarterly dividend on Wednesday, July 10th, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, August 7th. This represents a $0.90 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, July 24th.

Antero Midstream has decreased its dividend by an average of 9.9% annually over the last three years. Antero Midstream has a payout ratio of 90.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Antero Midstream to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 87.4%.

Antero Midstream Trading Up 0.0 %

Shares of AM stock traded up $0.01 during mid-day trading on Thursday, reaching $14.76. The stock had a trading volume of 2,378,628 shares, compared to its average volume of 2,585,843. Antero Midstream has a 52-week low of $11.50 and a 52-week high of $15.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average price is $14.56 and its two-hundred day moving average price is $13.60. The firm has a market capitalization of $7.10 billion, a PE ratio of 18.41 and a beta of 2.38.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Equities analysts expect that Antero Midstream will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Antero Midstream has a consensus rating of “Hold” and a consensus price target of $12.70.

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.