Antero Midstream Co. to Post Q1 2024 Earnings of $0.25 Per Share, Zacks Research Forecasts (NYSE:AM)

Antero Midstream Co. (NYSE:AM - Free Report) - Analysts at Zacks Research boosted their Q1 2024 EPS estimates for Antero Midstream in a note issued to investors on Thursday, April 18th. Zacks Research analyst R. Department now anticipates that the pipeline company will post earnings per share of $0.25 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Antero Midstream's current full-year earnings is $0.98 per share. Zacks Research also issued estimates for Antero Midstream's FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.27 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.26 EPS.

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

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

Antero Midstream Stock Up 0.8 %

NYSE AM traded up $0.11 during trading on Friday, reaching $13.93. The company's stock had a trading volume of 2,954,848 shares, compared to its average volume of 2,699,505. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $6.68 billion, a PE ratio of 18.09 and a beta of 2.25. The business has a 50-day moving average price of $13.50 and a 200-day moving average price of $12.85. Antero Midstream has a 1-year low of $9.69 and a 1-year high of $14.52.

Institutional Trading of Antero Midstream

A number of hedge funds have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in Antero Midstream by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company's stock worth $339,000 after purchasing an additional 871 shares in the last quarter. Strs Ohio grew its stake in shares of Antero Midstream by 0.6% during the 3rd quarter. Strs Ohio now owns 151,265 shares of the pipeline company's stock worth $1,812,000 after acquiring an additional 917 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company's stock worth $26,000 after acquiring an additional 919 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Antero Midstream by 11.5% during the 1st quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company's stock worth $105,000 after acquiring an additional 994 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Antero Midstream by 7.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,968 shares of the pipeline company's stock worth $167,000 after acquiring an additional 1,000 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Midstream

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

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.46%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 116.88%.

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.