Wall Street analysts forecast that Antero Midstream Corp (NYSE:AM) will post $283.86 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Antero Midstream’s earnings. The lowest sales estimate is $268.74 million and the highest is $297.00 million. Antero Midstream reported sales of $37.82 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 650.6%. The company is expected to report its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Antero Midstream will report full year sales of $1.11 billion for the current year, with estimates ranging from $1.07 billion to $1.15 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.26 billion, with estimates ranging from $1.13 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Antero Midstream.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). Antero Midstream had a return on equity of 10.52% and a net margin of 29.31%. The firm had revenue of $255.62 million during the quarter, compared to analysts’ expectations of $283.69 million. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

A number of equities analysts recently weighed in on AM shares. Citigroup started coverage on shares of Antero Midstream in a report on Tuesday, May 28th. They issued a “buy” rating and a $15.00 price objective for the company. ValuEngine lowered shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Raymond James decreased their price objective on shares of Antero Midstream from $17.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, July 8th. Finally, UBS Group downgraded shares of Antero Midstream from a “positive” rating to a “neutral” rating and cut their target price for the stock from $17.00 to $13.00 in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.00.

NYSE AM traded up $0.18 during mid-day trading on Monday, reaching $7.52. The stock had a trading volume of 8,672,200 shares, compared to its average volume of 6,954,787. Antero Midstream has a 1 year low of $6.55 and a 1 year high of $19.57. The stock has a market cap of $3.50 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The company has a fifty day moving average price of $10.00 and a 200 day moving average price of $14.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Friday, July 26th were given a dividend of $0.308 per share. This is an increase from Antero Midstream’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, July 25th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 16.38%. Antero Midstream’s payout ratio is presently 372.73%.

In related news, Director Yorktown Viii Associates Llc sold 1,825,600 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total value of $23,020,816.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider K. Phil Yoo sold 20,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $13.17, for a total transaction of $263,400.00. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Lee Financial Co purchased a new stake in Antero Midstream in the 2nd quarter worth $61,000. Cypress Wealth Advisors LLC lifted its stake in Antero Midstream by 80.9% in the 1st quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares in the last quarter. JJJ Advisors Inc. lifted its stake in Antero Midstream by 4,661.9% in the 1st quarter. JJJ Advisors Inc. now owns 190,284 shares of the pipeline company’s stock worth $2,622,000 after purchasing an additional 186,288 shares in the last quarter. Northern Trust Corp lifted its stake in Antero Midstream by 0.3% in the 4th quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after purchasing an additional 512 shares in the last quarter. Finally, Pinnacle Holdings LLC lifted its stake in Antero Midstream by 2.1% in the 2nd quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock worth $3,643,000 after purchasing an additional 6,528 shares in the last quarter. 59.19% of the stock is owned by institutional investors.

Antero Midstream Company Profile

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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