Traders Buy High Volume of Antero Midstream Put Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of unusually large options trading activity on Monday. Investors purchased 9,113 put options on the company. This is an increase of 141% compared to the average volume of 3,775 put options.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company increased their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. raised its position in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream in the third quarter valued at about $48,000. TD Waterhouse Canada Inc. raised its position in shares of Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after buying an additional 963 shares during the last quarter. Blue Trust Inc. increased its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after purchasing an additional 2,612 shares during the last quarter. Finally, Allworth Financial LP increased its position in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after purchasing an additional 951 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

NYSE:AM traded up $0.07 during trading hours on Monday, reaching $17.87. 1,168,856 shares of the company were exchanged, compared to its average volume of 2,687,053. 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 stock’s 50-day moving average is $16.51 and its 200-day moving average is $15.64. The firm has a market cap of $8.55 billion, a PE ratio of 21.52 and a beta of 2.33. Antero Midstream has a twelve month low of $13.12 and a twelve month high of $18.10.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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%. On average, sell-side analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is 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.