Shares are trading at $28.98 which is slightly below $31.31, the 50 day moving average and which is significantly below the 200 day moving average of $32.73. The 50 day moving average was down $-2.33 whereas the 200 day average was down by -11.45%. (NYSE:AM) shares saw light trading volume with 236K shares changing hands by the end of trading on Tuesday. Overall, volume was down 85.77% under the stocks normal daily volume.
Investors are more bullish on shares of Antero Midstream Partners LP Co recently as evidenced by the decrease in short interest. The company saw a fall in short interest of -0.98% as of the latest report on September 29, 2017. Short interest fell 25,373 over that timeframe. With short interest at 2,574,923 and short average daily volume at 508,648, days to cover is 5.0 and the short interest percentage is 0.01% as of September 29.
These funds have shifted positions in (AM). As of the end of the quarter Pointe Capital Management LLC had disposed of 606 shares trimming its holdings by 1.8%. The value of the investment in (AM) went from $1,148,000 to $1,071,000 a change of 6.7% since the last quarter. Bank Of Montreal /can/ reduced its position by selling 97,936 shares a decrease of 8.8% as of 09/30/2017. Bank Of Montreal /can/ now controls 1,014,010 shares with a value of $31,972,000. The total value of its holdings decreased 13.3%.
Spirit Of America Management Corp/ny grew its holdings by buying 15,100 shares an increase of 2.0%. Spirit Of America Management Corp/ny claims 758,484 shares worth $23,915,000. The value of the position overall is down by 3.0%. Central Trust Co expanded its investment by buying 4,699 shares an increase of 275.0% from 06/30/2017 to 09/30/2017. Central Trust Co controls 6,408 shares valued at $202,000. The value of the position overall is up by 254.4%.
On October 10, 2017 Seaport Global initiated coverage on AM with an initial rating of “Buy”.
In the market the company is trading unchanged from yesterday’s close of 28.98. Additionally the company declared a dividend for shareholders that will be paid on Thursday the 16th of November 2017. The dividend payment will be $0.340 per share for the quarter or $1.36 annualized. The dividend yield will be $4.55. The ex-dividend date will be on Tuesday August 1st, 2017.
The P/E ratio is currently 19.69 and market cap is 5.41B. In the latest earnings report the EPS was $1.47 and is expected to be $1.59 for the current year with 186,545,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.44 with next year’s EPS projected to be $2.07.
Antero Midstream Partners LP, launched on September 23, 2013, is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Business’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from the Antero Resources’ wells in West Virginia and Ohio. Its water handling and treatment segment includes two independent fresh water distribution systems from sources including the Ohio River, local reservoirs, as well as several regional waterways. The water handling and treatment segment also includes other fluid handling services which includes, wastewater transportation, disposal and treatment. Its fresh water systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipelines. The waste water services consist of waste water transportation, disposal, and treatment, including a water treatment facility, which is under construction. The Business’s operations are located in the United States..