Equities analysts expect Antero Midstream GP LP (NYSE:AMGP) to announce $0.14 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Antero Midstream GP’s earnings. Antero Midstream GP reported earnings of $0.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 600%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Antero Midstream GP will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts expect that the company will report earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last announced its earnings results on Wednesday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $33.39 million. Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The firm’s revenue for the quarter was up 116.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS.

A number of equities research analysts have issued reports on AMGP shares. ValuEngine raised Antero Midstream GP from a “strong sell” rating to a “sell” rating in a research report on Friday, June 1st. Zacks Investment Research raised Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Wells Fargo & Co decreased their target price on Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Finally, Stifel Nicolaus upgraded Antero Midstream GP to a “buy” rating and set a $35.00 price target for the company in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Antero Midstream GP currently has a consensus rating of “Hold” and a consensus target price of $23.33.

Shares of Antero Midstream GP stock opened at $16.64 on Tuesday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 554.67 and a beta of 1.68. Antero Midstream GP has a 12-month low of $14.85 and a 12-month high of $22.39.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 2nd were issued a dividend of $0.125 per share. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 3.00%. Antero Midstream GP’s payout ratio is 1,666.67%.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $18.81, for a total transaction of $940,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider K. Phil Yoo sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $16.76, for a total value of $83,800.00. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP raised its stake in shares of Antero Midstream GP by 73.0% in the first quarter. Quantbot Technologies LP now owns 7,460 shares of the company’s stock valued at $119,000 after purchasing an additional 3,148 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Antero Midstream GP by 29.7% in the first quarter. Teacher Retirement System of Texas now owns 16,596 shares of the company’s stock valued at $265,000 after purchasing an additional 3,804 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Antero Midstream GP by 8.8% in the first quarter. Guggenheim Capital LLC now owns 72,902 shares of the company’s stock valued at $1,166,000 after purchasing an additional 5,888 shares in the last quarter. Franklin Square Holdings L.P. raised its stake in shares of Antero Midstream GP by 20.0% in the second quarter. Franklin Square Holdings L.P. now owns 39,650 shares of the company’s stock valued at $748,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of Antero Midstream GP by 0.7% in the second quarter. Artisan Partners Limited Partnership now owns 1,126,433 shares of the company’s stock valued at $21,245,000 after purchasing an additional 7,427 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.

About Antero Midstream GP

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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