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

Antero Midstream Co. (NYSE:AMFree Report) – Stock analysts at Zacks Research upped their Q1 2024 earnings per share (EPS) estimates for shares of Antero Midstream in a research report issued to clients and investors on Thursday, April 18th. Zacks Research analyst R. Department now forecasts that the pipeline company will post earnings per share of $0.25 for the quarter, up from their prior estimate 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.

A number of other equities research analysts have also commented on the company. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock 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 report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.70.

View Our Latest Stock Report on AM

Antero Midstream Trading Up 0.7 %

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

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

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend 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 116.88%.

Insider Activity

In related news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following 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 can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System raised its stake in shares of Antero Midstream by 1.5% in the 1st quarter. Maryland State Retirement & Pension System now owns 314,802 shares of the pipeline company’s stock valued at $4,275,000 after acquiring an additional 4,605 shares in the last quarter. Norden Group LLC bought a new position in Antero Midstream in the 1st quarter worth approximately $211,000. State of Michigan Retirement System increased its position in Antero Midstream by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 83,625 shares of the pipeline company’s stock worth $1,176,000 after buying an additional 1,900 shares during the period. Allspring Global Investments Holdings LLC increased its position in Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,753 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Antero Midstream by 11.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 142,393 shares of the pipeline company’s stock worth $2,002,000 after buying an additional 14,247 shares during the period. 53.97% of the stock is owned by institutional investors.

About Antero Midstream

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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.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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