Antero Midstream GP LP (NYSE:AMGP) – Investment analysts at Mitsubishi UFJ Financial Group lowered their Q2 2019 earnings per share (EPS) estimates for Antero Midstream GP in a note issued to investors on Thursday, February 14th. Mitsubishi UFJ Financial Group analyst B. Blaschke now expects that the company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.20. Mitsubishi UFJ Financial Group also issued estimates for Antero Midstream GP’s Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.80 EPS.
Get Antero Midstream GP alerts:A number of other brokerages have also weighed in on AMGP. Raymond James decreased their target price on Antero Midstream GP from $27.00 to $19.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, December 19th. Credit Suisse Group dropped their price target on shares of Antero Midstream GP from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 21st. ValuEngine downgraded shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research lowered shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.50.
AMGP stock opened at $13.93 on Monday. Antero Midstream GP has a 1-year low of $10.12 and a 1-year high of $20.65. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 42.21 and a beta of 1.86.
Antero Midstream GP (NYSE:AMGP) last issued its earnings results on Wednesday, February 13th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.06). The business had revenue of $43.49 million during the quarter, compared to the consensus estimate of $42.69 million. Antero Midstream GP had a return on equity of 266.96% and a net margin of 43.36%. The company’s revenue for the quarter was up 83.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 21st. Stockholders of record on Friday, February 1st will be paid a dividend of $0.164 per share. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.71%. Antero Midstream GP’s dividend payout ratio is currently 200.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Berman Capital Advisors LLC bought a new position in Antero Midstream GP during the fourth quarter worth $46,000. Bessemer Group Inc. acquired a new stake in shares of Antero Midstream GP during the 4th quarter worth approximately $47,000. Advisor Group Inc. increased its holdings in Antero Midstream GP by 22.7% in the 4th quarter. Advisor Group Inc. now owns 5,807 shares of the company’s stock valued at $65,000 after purchasing an additional 1,076 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Antero Midstream GP during the 4th quarter worth $68,000. Finally, Arlington Partners LLC purchased a new stake in Antero Midstream GP in the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Antero Midstream GP Company Profile
Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.
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