AM Stock Gets Stronger EPS Estimate from Zacks Research

Antero Midstream Corporation (NYSE:AM) – Equities research analysts at Zacks Research increased their Q3 2027 earnings estimates for Antero Midstream in a note issued to investors on Thursday, October 15th. Zacks Research analyst Team now anticipates that the pipeline company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.28. The consensus estimate for Antero Midstream’s current full-year earnings is $1.09 per share. Zacks Research also issued estimates for Antero Midstream’s Q3 2028 earnings at $0.31 EPS.

A number of other research analysts also recently commented on the stock. UBS Group lowered their price target on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Capital One Financial raised Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 22nd. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research report on Tuesday, July 14th. Wells Fargo & Company raised their price objective on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream currently has a consensus rating of “Hold” and an average price target of $24.20.

Antero Midstream Stock Performance

Antero Midstream stock opened at $19.89 on Friday. The company’s 50-day moving average price is $21.66 and its 200-day moving average price is $21.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The company has a market cap of $9.44 billion, a PE ratio of 23.68 and a beta of 0.72. Antero Midstream has a twelve month low of $16.96 and a twelve month high of $23.83.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. During the same period last year, the company posted $0.29 EPS. The business’s revenue was up 7.1% on a year-over-year basis.

Institutional Trading of Antero Midstream

Several institutional investors have recently added to or reduced their stakes in AM. BlackRock Inc. purchased a new position in shares of Antero Midstream during the second quarter valued at approximately $869,045,000. Bank of New York Mellon Corp bought a new position in shares of Antero Midstream during the second quarter valued at approximately $157,371,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Antero Midstream during the second quarter valued at approximately $49,883,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Antero Midstream in the second quarter worth approximately $46,007,000. Finally, RR Advisors LLC purchased a new stake in shares of Antero Midstream in the second quarter worth approximately $34,435,000. Institutional investors own 53.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brooks Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the sale, the insider owned 83,900 shares of the company’s stock, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 11th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. Antero Midstream’s payout ratio is 107.14%.

About Antero Midstream

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.

Antero Midstream’s operations include natural gas gathering, compression and processing, as well as water handling and related services.