Zacks Research Equities Analysts Lift Earnings Estimates for Antero Midstream Co. (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Research analysts at Zacks Research increased their Q1 2024 earnings per share estimates for shares of Antero Midstream in a report issued on Thursday, April 18th. Zacks Research analyst R. Department now forecasts that the pipeline company will earn $0.25 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Antero Midstream’s current full-year earnings is $0.98 per share. Zacks Research also issued estimates for Antero Midstream’s FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.27 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.26 EPS.

Several other brokerages have also issued reports on AM. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Antero Midstream presently has an average rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Performance

Shares of AM stock opened at $13.92 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $6.68 billion, a PE ratio of 18.08 and a beta of 2.25. The stock has a 50-day moving average of $13.50 and a 200-day moving average of $12.86. Antero Midstream has a one year low of $9.69 and a one year high of $14.52.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. Antero Midstream’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $0.225 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.47%. Antero Midstream’s dividend payout ratio is presently 116.88%.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its stake in shares of Antero Midstream by 4.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company’s stock valued at $448,000 after buying an additional 1,741 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of Antero Midstream in the third quarter valued at $2,183,000. SeaBridge Investment Advisors LLC bought a new position in shares of Antero Midstream in the fourth quarter valued at $1,226,000. Swiss National Bank grew its stake in shares of Antero Midstream by 8.4% in the third quarter. Swiss National Bank now owns 790,700 shares of the pipeline company’s stock valued at $9,473,000 after buying an additional 61,300 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Antero Midstream by 110.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 99,417 shares of the pipeline company’s stock valued at $1,191,000 after buying an additional 52,221 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

About Antero Midstream

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.