Q1 2024 Earnings Estimate for Antero Midstream Co. (NYSE:AM) Issued By Zacks Research

Antero Midstream Co. (NYSE:AM - Free Report) - Investment analysts at Zacks Research increased their Q1 2024 earnings estimates for shares of Antero Midstream in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst R. Department now expects that the pipeline company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.23. The consensus estimate for Antero Midstream's current full-year earnings is $0.96 per share. Zacks Research also issued estimates for Antero Midstream's Q2 2024 earnings at $0.24 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.04 EPS and Q1 2026 earnings at $0.32 EPS.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. Antero Midstream's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS.

AM has been the topic of a number of other reports. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, March 30th. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a "buy" rating to a "hold" rating and boosted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Antero Midstream presently has a consensus rating of "Hold" and a consensus target price of $12.70.

Antero Midstream Trading Up 1.2 %

NYSE:AM traded up $0.16 on Thursday, reaching $13.82. 2,047,321 shares of the company's stock were exchanged, compared to its average volume of 2,696,116. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 17.94 and a beta of 2.25. The business has a fifty day moving average of $13.45 and a 200-day moving average of $12.83. Antero Midstream has a 52-week low of $9.69 and a 52-week high of $14.52.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.51%. Antero Midstream's payout ratio is 116.88%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 16,394 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On Antero Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its holdings in Antero Midstream by 4.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company's stock valued at $448,000 after purchasing an additional 1,741 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Antero Midstream in the third quarter valued at approximately $2,183,000. SeaBridge Investment Advisors LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $1,226,000. Swiss National Bank boosted its holdings in shares of Antero Midstream by 8.4% in the third quarter. Swiss National Bank now owns 790,700 shares of the pipeline company's stock valued at $9,473,000 after acquiring an additional 61,300 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Antero Midstream by 110.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 99,417 shares of the pipeline company's stock valued at $1,191,000 after acquiring an additional 52,221 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

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.