Antero Midstream GP LP (NYSE:AMGP) insider K. Phil Yoo sold 5,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $16.76, for a total value of $83,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NYSE AMGP opened at $16.88 on Thursday. Antero Midstream GP LP has a 52 week low of $14.85 and a 52 week high of $22.39. The firm has a market capitalization of $3.14 billion, a P/E ratio of 88.89 and a beta of 1.68.
Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.06). Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The company had revenue of $33.14 million during the quarter, compared to the consensus estimate of $33.39 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The firm’s revenue for the quarter was up 116.2% on a year-over-year basis. analysts expect that Antero Midstream GP LP will post 0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Thursday, August 2nd were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 1st. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 2.96%. Antero Midstream GP’s dividend payout ratio (DPR) is 1,666.67%.
AMGP has been the topic of several recent research reports. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine upgraded Antero Midstream GP from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Stifel Nicolaus upgraded Antero Midstream GP to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, August 27th. Finally, Wells Fargo & Co decreased their price target on Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Antero Midstream GP has an average rating of “Hold” and an average target price of $23.33.
A number of large investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. lifted its stake in shares of Antero Midstream GP by 1.2% in the second quarter. OppenheimerFunds Inc. now owns 7,083,744 shares of the company’s stock worth $133,600,000 after acquiring an additional 84,642 shares during the period. Atlantic Trust Group LLC lifted its stake in shares of Antero Midstream GP by 148.8% in the first quarter. Atlantic Trust Group LLC now owns 4,225,250 shares of the company’s stock worth $67,562,000 after acquiring an additional 2,526,905 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Antero Midstream GP by 1,672.5% in the first quarter. Neuberger Berman Group LLC now owns 1,724,404 shares of the company’s stock worth $27,573,000 after acquiring an additional 1,627,120 shares during the period. Perella Weinberg Partners Capital Management LP lifted its stake in shares of Antero Midstream GP by 23.2% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 1,650,295 shares of the company’s stock worth $31,125,000 after acquiring an additional 311,084 shares during the period. Finally, Carnick & Kubik Group LLC acquired a new position in shares of Antero Midstream GP in the second quarter worth approximately $23,221,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
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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