Capital One Financial Equities Analysts Reduce Earnings Estimates for Antero Midstream Co. (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Analysts at Capital One Financial lowered their Q2 2024 earnings estimates for Antero Midstream in a report released on Friday, April 26th. Capital One Financial analyst W. Suki now expects that the pipeline company will earn $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, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $260.17 million during the quarter, compared to analyst estimates of $261.04 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS.

AM has been the topic of a number of other research reports. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and increased their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Antero Midstream presently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Performance

Shares of AM stock opened at $14.19 on Monday. Antero Midstream has a fifty-two week low of $9.69 and a fifty-two week high of $14.52. The stock’s 50-day moving average is $13.70 and its two-hundred day moving average is $12.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market cap of $6.83 billion, a P/E ratio of 17.74 and a beta of 2.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock valued at $445,389,000 after purchasing an additional 193,263 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Antero Midstream by 0.4% during the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock worth $401,745,000 after acquiring an additional 135,163 shares during the period. RR Advisors LLC boosted its position in shares of Antero Midstream by 2.9% during the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock valued at $72,785,000 after acquiring an additional 169,000 shares in the last quarter. Norges Bank bought a new stake in Antero Midstream in the fourth quarter valued at about $54,704,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Antero Midstream by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after purchasing an additional 99,592 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s payout ratio is 112.50%.

Antero Midstream Company Profile

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.