Equities Analysts Offer Predictions for AM FY2027 Earnings

Antero Midstream Corporation (NYSE:AM) – Research analysts at Zacks Research increased their FY2027 earnings estimates for Antero Midstream in a research note issued on Monday, December 15th. Zacks Research analyst Team now forecasts that the pipeline company will earn $1.06 per share for the year, up from their previous forecast of $1.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Antero Midstream’s current full-year earnings is $0.95 per share.

Other analysts have also recently issued research reports about the company. Wall Street Zen cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.83.

Antero Midstream Stock Performance

NYSE AM opened at $17.69 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream has a fifty-two week low of $14.22 and a fifty-two week high of $19.82. The business has a fifty day moving average of $17.92 and a 200-day moving average of $18.12. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 18.05 and a beta of 0.82.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $294.82 million during the quarter, compared to the consensus estimate of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is 91.84%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director owned 72,622 shares in the company, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Antero Midstream by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock valued at $723,424,000 after purchasing an additional 124,102 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Antero Midstream by 31.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock worth $167,614,000 after purchasing an additional 2,242,283 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Antero Midstream by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock valued at $179,316,000 after buying an additional 71,606 shares during the period. Bank of New York Mellon Corp lifted its position in Antero Midstream by 22.3% during the third quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after buying an additional 1,430,138 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Antero Midstream by 17.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after buying an additional 697,234 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Company Profile

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.