Antero Midstream (NYSE:AM) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• Antero Midstream has been upgraded by Zacks Research to a "strong-buy" rating, increasing investor confidence in the company.
• Analysts project Antero Midstream's earnings per share to rise with estimates of $1.00 for FY2026 and $1.08 for FY2027, indicating growth potential.
• The company's stock is currently trading at around $17.69 with a market cap of $8.46 billion, reflecting positive performance in the midstream energy sector.

Zacks Research upgraded shares of Antero Midstream (NYSE:AM - Free Report) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports. Zacks Research also issued estimates for Antero Midstream's Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.26 EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.28 EPS, Q2 2027 earnings at $0.29 EPS and FY2027 earnings at $1.08 EPS.

Other analysts have also issued reports about the stock. Morgan Stanley increased their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group boosted their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday, August 18th. Finally, Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $18.50.

Antero Midstream Price Performance

Shares of NYSE AM traded up $0.20 during mid-day trading on Thursday, reaching $17.78. 2,064,729 shares of the company were exchanged, compared to its average volume of 3,104,967. Antero Midstream has a 52 week low of $14.06 and a 52 week high of $19.08. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.51 billion, a PE ratio of 18.71 and a beta of 0.97. The company's 50 day moving average price is $17.94 and its 200 day moving average price is $17.59.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $305.47 million for the quarter, compared to analysts' expectations of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. Sell-side analysts forecast that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at $1,864,622.39. The trade was a 26.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director owned 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Institutional Trading of Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Antero Midstream during the second quarter worth about $80,504,000. Boston Trust Walden Corp purchased a new stake in Antero Midstream during the first quarter worth $51,269,000. SIR Capital Management L.P. acquired a new position in shares of Antero Midstream during the 4th quarter worth $35,058,000. Tortoise Capital Advisors L.L.C. boosted its position in shares of Antero Midstream by 31.7% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company's stock worth $167,614,000 after buying an additional 2,242,283 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Antero Midstream in the 1st quarter worth about $25,226,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Company Profile

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.