Zacks Research Expects Lower Earnings for Antero Midstream

Antero Midstream Co. (NYSE:AM) – Research analysts at Zacks Research lowered their FY2024 earnings 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 expects that the pipeline company will earn $0.83 per share for the year, down from their previous forecast 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.

A number of other research analysts also recently weighed in on the company. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Down 0.1 %

AM stock opened at $15.77 on Friday. 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 firm has a market cap of $7.59 billion, a PE ratio of 19.47 and a beta of 2.35. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $15.90. The company has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $14.76.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in shares of Antero Midstream by 314.6% in the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after purchasing an additional 1,413,606 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Antero Midstream by 46.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after buying an additional 1,008,515 shares in the last quarter. FMR LLC grew its stake in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after buying an additional 600,208 shares during the last quarter. SIR Capital Management L.P. acquired a new stake in shares of Antero Midstream during the second quarter worth approximately $8,251,000. Finally, SG Americas Securities LLC raised its stake in shares of Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after acquiring an additional 432,817 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is presently 111.11%.

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.