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

Antero Midstream Co. (NYSE:AM) – Equities researchers at Capital One Financial reduced their Q2 2024 earnings estimates for shares of Antero Midstream in a research note issued 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 previous estimate 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.

A number of other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Performance

AM opened at $13.83 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a fifty day moving average price of $13.73 and a 200 day moving average price of $12.95. Antero Midstream has a 1 year low of $10.09 and a 1 year high of $14.52. The stock has a market cap of $6.66 billion, a P/E ratio of 17.30 and a beta of 2.25.

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

Antero Midstream Announces Dividend

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 issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Antero Midstream

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

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.