Antero Midstream Co. (NYSE:AM) Expected to Post Earnings of $0.21 Per Share

Equities research analysts forecast that Antero Midstream Co. (NYSE:AMGet Rating) will post $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Antero Midstream’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.25. Antero Midstream posted earnings of $0.23 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Antero Midstream will report full-year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.68 to $1.01. For the next year, analysts anticipate that the company will report earnings of $0.88 per share, with EPS estimates ranging from $0.73 to $1.02. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Antero Midstream.

Antero Midstream (NYSE:AMGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $218.49 million during the quarter, compared to the consensus estimate of $216.32 million. Antero Midstream had a return on equity of 17.41% and a net margin of 36.77%. During the same quarter in the previous year, the business earned $0.21 earnings per share.

AM has been the subject of several research reports. Wells Fargo & Company upgraded shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $13.00 in a research note on Thursday, April 28th. Barclays lowered shares of Antero Midstream from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, March 2nd. Finally, StockNews.com assumed coverage on shares of Antero Midstream in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.25.

In related news, Director David H. Keyte purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $9.80 per share, with a total value of $98,000.00. Following the acquisition, the director now directly owns 59,587 shares in the company, valued at approximately $583,952.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brendan E. Krueger purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were bought at an average cost of $10.54 per share, for a total transaction of $31,620.00. Following the acquisition, the insider now owns 280,430 shares in the company, valued at $2,955,732.20. The disclosure for this purchase can be found here. Insiders have sold a total of 865,620 shares of company stock worth $8,963,071 over the last three months. 3.29% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AM. Covestor Ltd lifted its stake in shares of Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 2,199 shares during the period. SRS Capital Advisors Inc. bought a new position in shares of Antero Midstream in the 1st quarter worth approximately $26,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Antero Midstream by 235.7% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 3,844 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 2,699 shares during the period. Rational Advisors LLC lifted its stake in shares of Antero Midstream by 62.0% in the 1st quarter. Rational Advisors LLC now owns 3,806 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,456 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Antero Midstream by 7,916.7% in the 1st quarter. Allworth Financial LP now owns 4,810 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 4,750 shares during the period. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Antero Midstream stock traded up $0.24 during trading on Friday, hitting $10.94. The company’s stock had a trading volume of 2,478,015 shares, compared to its average volume of 3,691,671. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $10.21. The company has a market capitalization of $5.23 billion, a PE ratio of 15.51 and a beta of 2.70. Antero Midstream has a 52 week low of $8.42 and a 52 week high of $11.71.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 11th. Investors of record on Wednesday, April 27th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend was Tuesday, April 26th. Antero Midstream’s dividend payout ratio (DPR) is 130.44%.

About Antero Midstream (Get Rating)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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