Zacks Research Issues Optimistic Outlook for AM Earnings

Key Points

• Zacks Research raised Antero Midstream’s Q3 2027 EPS estimate to $0.30 from $0.28 and projected Q3 2028 EPS of $0.31. The company’s latest quarter met consensus at $0.27 EPS, while revenue rose 7.1% year over year to $327.24 million.
• Analyst sentiment remains cautious, with AM carrying a consensus “Hold” rating and an average price target of $24.20. Shares opened at $19.89, down 4.2%, versus a 52-week range of $16.96 to $23.83.
• Antero Midstream declared a quarterly dividend of $0.225 per share, equivalent to an annualized $0.90 payout and a 4.5% yield; institutional investors own approximately 53.97% of the stock.

Antero Midstream Corporation (NYSE:AM - Free Report) - Stock analysts at Zacks Research lifted their Q3 2027 earnings estimates for Antero Midstream in a report issued on Thursday, October 15th. Zacks Research analyst Team now anticipates that the pipeline company will earn $0.30 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for Antero Midstream's current full-year earnings is $1.09 per share. Zacks Research also issued estimates for Antero Midstream's Q3 2028 earnings at $0.31 EPS.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.27. The firm had revenue of $327.24 million during the quarter, compared to analysts' expectations of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share.

AM has been the subject of a number of other research reports. Weiss Ratings lowered Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. UBS Group lowered their price objective on Antero Midstream from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, September 21st. Wells Fargo & Company upped their price objective on Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research note on Tuesday, July 14th. Finally, Capital One Financial upgraded Antero Midstream from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.20.

Antero Midstream Stock Down 4.2%

AM opened at $19.89 on Friday. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 23.68 and a beta of 0.72. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The firm's fifty day moving average is $21.66 and its 200 day moving average is $21.83. Antero Midstream has a fifty-two week low of $16.96 and a fifty-two week high of $23.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Antero Midstream in the second quarter worth about $869,045,000. Bank of New York Mellon Corp grew its holdings in Antero Midstream by 11.2% during the 1st quarter. Bank of New York Mellon Corp now owns 9,129,288 shares of the pipeline company's stock valued at $208,148,000 after buying an additional 920,948 shares in the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in Antero Midstream during the 2nd quarter valued at approximately $49,883,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Antero Midstream during the 2nd quarter valued at approximately $46,007,000. Finally, RR Advisors LLC bought a new stake in Antero Midstream in the 2nd quarter worth approximately $34,435,000. Institutional investors own 53.97% of the company's stock.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the sale, the insider directly owned 83,900 shares in the company, valued at approximately $1,846,639. The trade was a 16.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the sale, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.5%. Antero Midstream's dividend payout ratio is currently 107.14%.

Antero Midstream Company Profile

Antero Midstream Corporation NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.

Antero Midstream's operations include natural gas gathering, compression and processing, as well as water handling and related services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.