Q4 2024 EPS Estimates for Antero Midstream Co. (NYSE:AM) Lifted by Analyst

Antero Midstream Co. (NYSE:AM) – Equities researchers at Capital One Financial lifted their Q4 2024 earnings estimates for Antero Midstream in a research note issued to investors on Thursday, September 19th. Capital One Financial analyst W. Suki now anticipates that the pipeline company will earn $0.23 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Antero Midstream’s current full-year earnings is $0.85 per share. Capital One Financial also issued estimates for Antero Midstream’s FY2025 earnings at $0.97 EPS.

Several other research firms have also recently commented on AM. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley raised their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.88.

Antero Midstream Price Performance

AM opened at $15.10 on Monday. Antero Midstream has a one year low of $11.50 and a one year high of $15.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day simple moving average is $14.50 and its 200-day simple moving average is $14.37. The stock has a market capitalization of $7.26 billion, a P/E ratio of 18.87 and a beta of 2.34.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The company had revenue of $269.70 million for the quarter, compared to the consensus estimate of $274.66 million. During the same period last year, the company earned $0.22 earnings per share. Antero Midstream’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Institutional Investors Weigh In On Antero Midstream

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC acquired a new stake in shares of Antero Midstream during the first quarter worth $34,000. Pacifica Partners Inc. acquired a new stake in shares of Antero Midstream during the first quarter worth $48,000. City State Bank acquired a new stake in shares of Antero Midstream during the second quarter worth $51,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a yield of 5.96%. Antero Midstream’s payout ratio is presently 112.50%.

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.