Q1 2020 Earnings Forecast for Antero Midstream Corp Issued By Capital One Financial (NYSE:AM)

Antero Midstream Corp (NYSE:AM) – Research analysts at Capital One Financial cut their Q1 2020 earnings per share (EPS) estimates for Antero Midstream in a report released on Tuesday, March 24th. Capital One Financial analyst K. May now expects that the pipeline company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.18. Capital One Financial also issued estimates for Antero Midstream’s Q2 2020 earnings at $0.18 EPS, FY2020 earnings at $0.73 EPS and FY2021 earnings at $0.89 EPS.

AM has been the subject of several other reports. LADENBURG THALM/SH SH dropped their target price on shares of Antero Midstream from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Zacks Investment Research cut shares of Antero Midstream from a “buy” rating to a “hold” rating and set a $9.25 target price for the company. in a research report on Friday, January 17th. Citigroup dropped their target price on shares of Antero Midstream from $12.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Robert W. Baird cut shares of Antero Midstream from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $4.00 in a research report on Monday, March 9th. Finally, ValuEngine cut shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.13.

NYSE:AM opened at $2.30 on Wednesday. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $5.86. Antero Midstream has a 12 month low of $1.69 and a 12 month high of $14.50. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.92. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -3.38 and a beta of 1.43.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.52). Antero Midstream had a positive return on equity of 15.01% and a negative net margin of 44.80%. The company had revenue of $239.10 million during the quarter, compared to analysts’ expectations of $260.58 million.

Institutional investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN bought a new position in shares of Antero Midstream in the 4th quarter worth about $49,000. Utah Retirement Systems bought a new stake in Antero Midstream during the 4th quarter valued at about $81,000. Vestcor Investment Management Corp bought a new stake in Antero Midstream during the 4th quarter valued at about $83,000. M&T Bank Corp bought a new stake in Antero Midstream during the 4th quarter valued at about $87,000. Finally, LS Investment Advisors LLC increased its stake in Antero Midstream by 36.9% during the 4th quarter. LS Investment Advisors LLC now owns 14,345 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 3,868 shares in the last quarter. Institutional investors own 68.00% of the company’s stock.

About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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

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