Q1 2024 EPS Estimates for Antero Midstream Co. Increased by Analyst (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Zacks Research lifted their Q1 2024 earnings estimates for Antero Midstream in a research report issued on Thursday, April 18th. Zacks Research analyst R. Department now anticipates that the pipeline company will post earnings of $0.25 per share for the quarter, up from their previous 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.

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

AM has been the topic of a number of other research reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $13.93 on Friday. The company has a market cap of $6.68 billion, a P/E ratio of 18.09 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. Antero Midstream has a one year low of $9.69 and a one year high of $14.52. The business’s 50-day simple moving average is $13.50 and its 200 day simple moving average is $12.85.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.46%. 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 stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $31,000 after buying an additional 1,753 shares during the period. Covestor Ltd grew its position in shares of Antero Midstream by 2,155.9% during the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after buying an additional 2,199 shares during the last quarter. MCF Advisors LLC acquired a new stake in Antero Midstream during the first quarter worth about $34,000. Finally, Belpointe Asset Management LLC lifted its holdings in Antero Midstream by 248.2% in the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,886 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

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.