Equities Analysts Set Expectations for Antero Midstream Co.’s Q2 2024 Earnings (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Investment analysts at Capital One Financial lowered their Q2 2024 earnings per share estimates for shares of Antero Midstream in a research report issued to clients and investors on Friday, April 26th. Capital One Financial analyst W. Suki now expects that the pipeline company will post earnings of $0.21 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Antero Midstream’s current full-year earnings is $0.96 per share. Capital One Financial also issued estimates for Antero Midstream’s Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.21 EPS and FY2025 earnings at $0.90 EPS.

Antero Midstream (NYSE:AM) last issued its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS.

Several other brokerages have also recently commented on AM. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.70.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $13.83 on Monday. The stock has a market cap of $6.66 billion, a PE ratio of 17.30 and a beta of 2.25. The business has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $12.95. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream has a 12 month low of $10.09 and a 12 month high of $14.52.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.51%. Antero Midstream’s payout ratio is 112.50%.

Insider Activity at Antero Midstream

In related 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 transaction of $224,105.98. Following the completion of the sale, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in shares of Antero Midstream by 3.3% in the fourth quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after buying an additional 871 shares during the last quarter. Strs Ohio lifted its position in shares of Antero Midstream by 0.6% in the third quarter. Strs Ohio now owns 151,265 shares of the pipeline company’s stock worth $1,812,000 after buying an additional 917 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Antero Midstream by 78.5% in the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after buying an additional 919 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Antero Midstream by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,429 shares of the pipeline company’s stock worth $218,000 after buying an additional 1,006 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Antero Midstream by 3.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock worth $347,000 after buying an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

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.