FY2027 EPS Estimate for Antero Midstream Reduced by Analyst

Antero Midstream Corporation (NYSE:AM) – Equities research analysts at Zacks Research cut their FY2027 EPS estimates for shares of Antero Midstream in a research report issued to clients and investors on Tuesday, April 7th. Zacks Research analyst Team now expects that the pipeline company will post earnings of $1.20 per share for the year, down from their previous estimate of $1.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Antero Midstream’s current full-year earnings is $0.95 per share.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $292.46 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. UBS Group upped their target price on Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group upped their target price on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Wells Fargo & Company upped their target price on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Antero Midstream has an average rating of “Hold” and an average target price of $22.50.

Antero Midstream Trading Down 1.3%

Shares of AM stock opened at $22.51 on Wednesday. The firm has a 50-day moving average price of $21.86 and a 200 day moving average price of $19.42. Antero Midstream has a twelve month low of $15.07 and a twelve month high of $23.83. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 26.17 and a beta of 0.75. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.63.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s dividend payout ratio is currently 104.65%.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the sale, the director owned 69,680 shares in the company, valued at approximately $1,613,788.80. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sheri Pearce sold 14,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the sale, the insider owned 99,900 shares of the company’s stock, valued at approximately $2,273,724. This trade represents a 12.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 44,000 shares of company stock worth $1,004,690. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Midstream

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Antero Midstream by 0.3% in the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock valued at $723,424,000 after buying an additional 124,102 shares in the last quarter. Invesco Ltd. grew its stake in shares of Antero Midstream by 3.4% in the fourth quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock valued at $417,069,000 after buying an additional 776,791 shares in the last quarter. State Street Corp grew its stake in shares of Antero Midstream by 1.7% in the fourth quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock valued at $201,691,000 after buying an additional 187,912 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Antero Midstream by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock valued at $186,328,000 after buying an additional 1,161,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Antero Midstream by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock valued at $179,316,000 after buying an additional 71,606 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.