Q1 2024 Earnings Forecast for Antero Midstream Co. (NYSE:AM) Issued By Zacks Research

Antero Midstream Co. (NYSE:AM) – Stock analysts at Zacks Research boosted their Q1 2024 earnings estimates for shares of Antero Midstream in a research note issued on Tuesday, April 16th. Zacks Research analyst R. Department now anticipates that the pipeline company will earn $0.24 per share for the quarter, up from their prior forecast of $0.23. The consensus estimate for Antero Midstream’s current full-year earnings is $0.96 per share. Zacks Research also issued estimates for Antero Midstream’s Q2 2024 earnings at $0.24 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.04 EPS and Q1 2026 earnings at $0.32 EPS.

Other equities analysts also recently issued reports about the stock. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and upped their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Price Performance

Shares of AM stock opened at $13.65 on Thursday. 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 company has a market capitalization of $6.55 billion, a P/E ratio of 17.73 and a beta of 2.25. The company’s 50-day simple moving average is $13.42 and its two-hundred day simple moving average is $12.83. Antero Midstream has a one year low of $9.69 and a one year high of $14.52.

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

Institutional Investors Weigh In On Antero Midstream

Several institutional investors have recently bought and sold shares of AM. Norges Bank purchased a new position in shares of Antero Midstream in the fourth quarter worth $54,704,000. BlackRock Inc. raised its holdings in shares of Antero Midstream by 9.1% in the first quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company’s stock worth $357,809,000 after buying an additional 2,743,230 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Antero Midstream by 51.3% in the first quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company’s stock worth $56,759,000 after buying an additional 1,769,545 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Antero Midstream by 329.9% in the fourth quarter. Point72 Asset Management L.P. now owns 1,812,771 shares of the pipeline company’s stock worth $22,714,000 after buying an additional 1,391,100 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Antero Midstream by 102.3% in the first quarter. Renaissance Technologies LLC now owns 1,980,382 shares of the pipeline company’s stock worth $21,527,000 after buying an additional 1,001,677 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream 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 value of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.59%. Antero Midstream’s dividend payout ratio is presently 116.88%.

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.