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

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

A number of other analysts have also recently issued reports on the stock. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and raised 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 report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Trading Up 0.8 %

Shares of Antero Midstream stock opened at $13.93 on Friday. 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 business has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $12.85. Antero Midstream has a 1 year low of $9.69 and a 1 year high of $14.52. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 18.09 and a beta of 2.25.

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 return on equity of 19.96% and a net margin of 35.69%. The firm had revenue of $260.17 million for the quarter, compared to the consensus estimate of $261.04 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year.

Hedge Funds Weigh In On Antero Midstream

A number of institutional investors have recently modified their holdings of AM. Advisor Group Holdings Inc. lifted its holdings in shares of Antero Midstream by 58.7% in the first quarter. Advisor Group Holdings Inc. now owns 33,613 shares of the pipeline company’s stock worth $365,000 after acquiring an additional 12,431 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Antero Midstream by 11.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 99,908 shares of the pipeline company’s stock valued at $1,086,000 after purchasing an additional 10,513 shares during the last quarter. HighTower Advisors LLC boosted its position in Antero Midstream by 21.4% in the first quarter. HighTower Advisors LLC now owns 76,529 shares of the pipeline company’s stock valued at $829,000 after buying an additional 13,493 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Antero Midstream during the first quarter worth $239,000. Finally, Bank of Montreal Can increased its holdings in shares of Antero Midstream by 12.1% during the first quarter. Bank of Montreal Can now owns 171,400 shares of the pipeline company’s stock worth $1,889,000 after buying an additional 18,435 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Buying and Selling

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

Antero Midstream Dividend Announcement

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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.46%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is currently 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.