Antero Midstream Corporation (NYSE:AM - Free Report) - Investment analysts at Zacks Research lowered their Q3 2027 earnings per share estimates for shares of Antero Midstream in a research report issued on Tuesday, August 18th. Zacks Research analyst Team now expects that the pipeline company will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.30. The consensus estimate for Antero Midstream's current full-year earnings is $1.09 per share.
Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th. Weiss Ratings cut shares of Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. Wells Fargo & Company raised their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Finally, Morgan Stanley raised Antero Midstream from an "underweight" rating to an "equal weight" rating and set a $26.00 price target on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $24.50.
Read Our Latest Research Report on AM
Antero Midstream Stock Performance
Shares of AM opened at $22.43 on Thursday. Antero Midstream has a 1 year low of $16.96 and a 1 year high of $23.83. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 26.70 and a beta of 0.65. 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 has a fifty day moving average of $22.19 and a 200-day moving average of $21.90.
Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm had revenue of $327.24 million during the quarter, compared to the consensus estimate of $326.43 million. During the same period in the prior year, the business earned $0.29 EPS. The firm's revenue was up 7.1% on a year-over-year basis.
Antero Midstream Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, July 29th. Antero Midstream's dividend payout ratio is currently 107.14%.
Insider Activity at Antero Midstream
In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director directly owned 68,204 shares in the company, valued at $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sheri Pearce sold 16,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company's stock.
Institutional Trading of Antero Midstream
A number of hedge funds and other institutional investors have recently modified their holdings of AM. BlackRock Inc. bought a new position in Antero Midstream during the second quarter valued at about $869,045,000. Invesco Ltd. raised its position in Antero Midstream by 3.4% in the fourth quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company's stock worth $417,069,000 after acquiring an additional 776,791 shares in the last quarter. State Street Corp lifted its holdings in Antero Midstream by 1.7% in the 4th quarter. State Street Corp now owns 11,337,298 shares of the pipeline company's stock valued at $201,691,000 after acquiring an additional 187,912 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Antero Midstream by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company's stock valued at $186,328,000 after acquiring an additional 1,161,684 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 purchasing an additional 920,948 shares in the last quarter. Institutional investors own 53.97% of the company's stock.
Antero Midstream Company Profile
(
Get Free Report)
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.
Further Reading
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