Analysts forecast that Antero Midstream Corp (NYSE:AM) will announce earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Antero Midstream’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.17. Antero Midstream posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 120%. The business is expected to report its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Antero Midstream will report full-year earnings of ($0.08) per share for the current year, with EPS estimates ranging from ($0.10) to ($0.07). For the next financial year, analysts expect that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.78 to $1.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Antero Midstream.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Tuesday, October 29th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.19. The company had revenue of $243.80 million during the quarter, compared to analyst estimates of $269.56 million. Antero Midstream had a negative net margin of 32.31% and a positive return on equity of 13.53%. The company’s revenue was up 544.6% on a year-over-year basis.

A number of brokerages have recently commented on AM. Raymond James cut Antero Midstream from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. Wells Fargo & Co lowered Antero Midstream from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $10.00 to $8.00 in a report on Wednesday, November 6th. Barclays set a $8.00 price objective on Antero Midstream and gave the company a “hold” rating in a research note on Tuesday, October 15th. Robert W. Baird lowered their price objective on Antero Midstream from $15.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, September 9th. Finally, ValuEngine downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.44.

In other Antero Midstream news, Director Peter Kagan sold 22,965,437 shares of Antero Midstream stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $6.52, for a total transaction of $149,734,649.24. Following the completion of the transaction, the director now owns 49,722 shares of the company’s stock, valued at approximately $324,187.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yorktown Energy Partners Viii, sold 12,713 shares of Antero Midstream stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.31, for a total value of $614,165.03.

Several institutional investors have recently made changes to their positions in AM. Chickasaw Capital Management LLC purchased a new position in Antero Midstream during the third quarter valued at approximately $107,841,000. State Street Corp bought a new stake in Antero Midstream during the 3rd quarter worth approximately $41,584,000. Kayne Anderson Capital Advisors LP bought a new stake in Antero Midstream during the 3rd quarter worth approximately $40,222,000. Duff & Phelps Investment Management Co. purchased a new stake in Antero Midstream in the 3rd quarter worth approximately $26,865,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new stake in Antero Midstream in the 3rd quarter worth approximately $12,309,000. 67.33% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream stock opened at $4.59 on Monday. Antero Midstream has a 12 month low of $4.26 and a 12 month high of $14.86. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $6.09 and its 200 day simple moving average is $8.72. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.90 and a beta of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, November 1st were issued a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.23 dividend on an annualized basis and a yield of 26.84%. Antero Midstream’s payout ratio is 372.73%.

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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