Zacks Research Expects Lower Earnings for Antero Midstream

Antero Midstream Co. (NYSE:AM - Free Report) - Stock analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Antero Midstream in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the pipeline company will post earnings per share of $0.83 for the year, down from their prior estimate of $0.86. The consensus estimate for Antero Midstream's current full-year earnings is $0.83 per share. Zacks Research also issued estimates for Antero Midstream's Q4 2024 earnings at $0.23 EPS.

Several other equities analysts have also weighed in on the company. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Down 0.3 %

AM stock traded down $0.04 during mid-day trading on Friday, hitting $15.74. The stock had a trading volume of 2,241,841 shares, compared to its average volume of 2,669,937. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $15.90. The company has a fifty day moving average of $15.16 and a 200 day moving average of $14.74. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 19.52 and a beta of 2.35.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company's stock worth $415,000 after purchasing an additional 15,379 shares in the last quarter. US Bancorp DE grew its holdings in Antero Midstream by 4.4% during the 1st quarter. US Bancorp DE now owns 34,127 shares of the pipeline company's stock worth $480,000 after acquiring an additional 1,446 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Antero Midstream by 4.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 452,187 shares of the pipeline company's stock valued at $6,358,000 after acquiring an additional 18,416 shares in the last quarter. Pitcairn Co. increased its position in Antero Midstream by 7.2% in the 1st quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company's stock valued at $264,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Antero Midstream by 107.4% during the first quarter. Advisors Asset Management Inc. now owns 191,317 shares of the pipeline company's stock worth $2,690,000 after purchasing an additional 99,070 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.72%. Antero Midstream's dividend payout ratio (DPR) is 111.11%.

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.