Antero Midstream Co. (NYSE:AM – Free Report) – Analysts at Zacks Research boosted their FY2023 EPS estimates for shares of Antero Midstream in a research report issued on Wednesday, November 8th. Zacks Research analyst A. Kanoria now forecasts that the pipeline company will earn $0.87 per share for the year, up from their prior estimate of $0.82. The consensus estimate for Antero Midstream’s current full-year earnings is $0.82 per share. Zacks Research also issued estimates for Antero Midstream’s Q4 2023 earnings at $0.21 EPS, Q1 2024 earnings at $0.24 EPS, FY2024 earnings at $0.97 EPS, Q1 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.26 EPS and FY2025 earnings at $1.00 EPS.
Several other brokerages have also recently issued reports on AM. Morgan Stanley lifted their target price on shares of Antero Midstream from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, July 20th. UBS Group decreased their target price on Antero Midstream from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. The Goldman Sachs Group assumed coverage on shares of Antero Midstream in a report on Thursday, October 5th. They set a “neutral” rating and a $12.50 price target on the stock. Pickering Energy Partners started coverage on Antero Midstream in a research note on Tuesday, October 3rd. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Antero Midstream from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.30.
Antero Midstream Stock Up 0.2 %
Shares of NYSE AM opened at $12.50 on Friday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 17.12 and a beta of 2.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average is $12.15 and its 200 day moving average is $11.55. Antero Midstream has a 52 week low of $9.56 and a 52 week high of $13.06.
Institutional Investors Weigh In On Antero Midstream
A number of large investors have recently bought and sold shares of AM. Covestor Ltd increased its stake in shares of Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,199 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Antero Midstream by 248.2% during the 1st quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,886 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Antero Midstream by 157.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,450 shares of the pipeline company’s stock valued at $40,000 after buying an additional 2,112 shares during the period. Headlands Technologies LLC acquired a new stake in Antero Midstream during the second quarter worth $60,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in Antero Midstream in the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 52.02% of the company’s stock.
Insider Transactions at Antero Midstream
In other Antero Midstream news, Director Janine J. Mcardle bought 6,011 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $11.96 per share, for a total transaction of $71,891.56. Following the purchase, the director now directly owns 54,093 shares in the company, valued at $646,952.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.
Antero Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend was Tuesday, October 24th. Antero Midstream’s payout ratio is 123.29%.
Antero Midstream Company Profile
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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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