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

Antero Midstream Co. (NYSE:AM) – Research analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for Antero Midstream in a research note issued 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 estimate 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.

A number of other equities analysts also recently commented on AM. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Two investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $13.82 on Friday. Antero Midstream has a one year low of $9.69 and a one year high of $14.52. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 17.94 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $13.45 and its 200 day moving average price is $12.83.

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

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.225 dividend. 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 presently 116.88%.

Insider Activity

In other news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC grew 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 boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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 owned by institutional investors and hedge funds.

About Antero Midstream

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.