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

Antero Midstream Co. (NYSE:AM) – Research analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for Antero Midstream in a report released on Tuesday, April 16th. Zacks Research analyst R. Department now expects that the pipeline company will post earnings of $0.24 per share for the quarter, up from their previous 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.

Several other research analysts have also issued reports on the company. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and increased their price objective 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 report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Up 1.2 %

Shares of AM opened at $13.82 on Thursday. The stock has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $12.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49. The stock has a market cap of $6.63 billion, a PE ratio of 17.94 and a beta of 2.25. Antero Midstream has a 1 year low of $9.69 and a 1 year high of $14.52.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $261.04 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.

Institutional Investors Weigh In On Antero Midstream

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Antero Midstream in the fourth quarter valued at approximately $54,704,000. BlackRock Inc. grew its stake in shares of Antero Midstream by 9.1% during the first quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company’s stock worth $357,809,000 after purchasing an additional 2,743,230 shares during the period. First Trust Advisors LP increased its holdings in 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 valued at $56,759,000 after purchasing an additional 1,769,545 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Antero Midstream by 329.9% during 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 grew its position in shares of Antero Midstream by 102.3% during the 1st 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 period. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Antero Midstream Announces Dividend

The firm 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 is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.51%. Antero Midstream’s dividend payout ratio is 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.