Research Analysts Issue Forecasts for Antero Midstream Co.’s Q2 2024 Earnings (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Research analysts at Capital One Financial decreased their Q2 2024 earnings estimates for shares of Antero Midstream in a research report issued on Friday, April 26th. Capital One Financial analyst W. Suki now anticipates that the pipeline company will earn $0.21 per share for the quarter, down from their previous forecast of $0.22. The consensus estimate for Antero Midstream’s current full-year earnings is $0.96 per share. Capital One Financial also issued estimates for Antero Midstream’s Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.21 EPS and FY2025 earnings at $0.90 EPS.

Several other analysts have also recently weighed in on AM. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Thursday. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Stock Down 0.3 %

AM opened at $14.19 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a fifty day moving average of $13.70 and a 200-day moving average of $12.94. Antero Midstream has a fifty-two week low of $9.69 and a fifty-two week high of $14.52. The company has a market capitalization of $6.83 billion, a P/E ratio of 17.74 and a beta of 2.25.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. During the same period last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Antero Midstream

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of Antero Midstream by 3.8% in the 3rd quarter. SG Americas Securities LLC now owns 59,426 shares of the pipeline company’s stock valued at $712,000 after acquiring an additional 2,175 shares during the last quarter. All Season Financial Advisors Inc. bought a new stake in shares of Antero Midstream during the third quarter worth about $576,000. SVB Wealth LLC increased its stake in shares of Antero Midstream by 44.0% in the third quarter. SVB Wealth LLC now owns 21,807 shares of the pipeline company’s stock valued at $261,000 after buying an additional 6,664 shares during the period. Xponance Inc. grew its holdings in Antero Midstream by 8.0% during the 3rd quarter. Xponance Inc. now owns 57,654 shares of the pipeline company’s stock worth $691,000 after acquiring an additional 4,254 shares during the last quarter. Finally, Raymond James & Associates increased its position in Antero Midstream by 3.8% in the 3rd quarter. Raymond James & Associates now owns 50,961 shares of the pipeline company’s stock valued at $611,000 after acquiring an additional 1,849 shares during the period. 53.97% of the stock is currently 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.