Q2 2018 EPS Estimation for Antero Midstream Partners Lowered by Analyst (AM)

Q2 2018 EPS Estimation for Antero Midstream Partners Lowered by Analyst (AM)

Antero Midstream Partners (NYSE:AM) – Equities research analysts at Capital One dropped their Q2 2018 earnings estimates for Antero Midstream Partners in a research report issued on Thursday, April 26th, Zacks Investment Research reports. Capital One analyst K. May now anticipates that the pipeline company will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.52. Capital One also issued estimates for Antero Midstream Partners’ Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.86 EPS, Q1 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.28 EPS.

AM has been the topic of several other research reports. JPMorgan Chase reaffirmed an “overweight” rating and issued a $23.00 price target (down previously from $25.00) on shares of Antero Midstream Partners in a report on Wednesday, March 14th. Barclays decreased their price target on shares of Antero Midstream Partners from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, April 17th. Robert W. Baird set a $49.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Monday, April 9th. Zacks Investment Research cut shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Citigroup decreased their price target on shares of Antero Midstream Partners from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, March 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Antero Midstream Partners has a consensus rating of “Buy” and an average target price of $35.38.

Shares of AM stock opened at $26.74 on Monday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 19.10 and a beta of 1.79. Antero Midstream Partners has a 1 year low of $24.20 and a 1 year 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.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, April 25th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Antero Midstream Partners had a net margin of 32.52% and a return on equity of 19.19%. The business had revenue of $229.59 million for the quarter, compared to analysts’ expectations of $213.41 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Thursday, May 3rd will be issued a dividend of $0.39 per share. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Wednesday, May 2nd. Antero Midstream Partners’s dividend payout ratio is currently 111.43%.

Several institutional investors have recently bought and sold shares of the company. Trust Department MB Financial Bank N A purchased a new stake in shares of Antero Midstream Partners during the fourth quarter worth about $116,000. BB&T Securities LLC lifted its holdings in Antero Midstream Partners by 9.9% in the fourth quarter. BB&T Securities LLC now owns 49,686 shares of the pipeline company’s stock worth $1,442,000 after buying an additional 4,467 shares during the period. Venturi Wealth Management LLC lifted its holdings in Antero Midstream Partners by 6.8% in the fourth quarter. Venturi Wealth Management LLC now owns 72,384 shares of the pipeline company’s stock worth $2,102,000 after buying an additional 4,614 shares during the period. Guggenheim Capital LLC lifted its holdings in Antero Midstream Partners by 11.1% in the fourth quarter. Guggenheim Capital LLC now owns 49,274 shares of the pipeline company’s stock worth $1,431,000 after buying an additional 4,903 shares during the period. Finally, Carnick & Kubik Group LLC lifted its holdings in Antero Midstream Partners by 69.0% in the fourth quarter. Carnick & Kubik Group LLC now owns 12,172 shares of the pipeline company’s stock worth $353,000 after buying an additional 4,968 shares during the period. Institutional investors own 49.35% of the company’s stock.

Antero Midstream Partners Company Profile

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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