Zacks Research Cuts Earnings Estimates for Antero Midstream

Antero Midstream Corporation (NYSE:AM) – Investment analysts at Zacks Research lowered their Q3 2027 earnings per share estimates for shares of Antero Midstream in a research report issued to clients and investors on Tuesday, August 18th. Zacks Research analyst Team now expects that the pipeline company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.30. The consensus estimate for Antero Midstream’s current full-year earnings is $1.09 per share.

Several other analysts also recently issued reports on the company. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a report on Tuesday, July 14th. Finally, Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Trading Down 1.2%

NYSE:AM opened at $22.43 on Thursday. The stock has a fifty day simple moving average of $22.19 and a 200 day simple moving average of $21.90. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 26.70 and a beta of 0.65. Antero Midstream has a 1-year low of $16.96 and a 1-year high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The company had revenue of $327.24 million for the quarter, compared to analyst estimates of $326.43 million. During the same period in the previous year, the firm earned $0.29 earnings per share. Antero Midstream’s revenue for the quarter was up 7.1% compared to the same quarter last year.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Antero Midstream during the 2nd quarter worth about $869,045,000. Bank of New York Mellon Corp acquired a new position in shares of Antero Midstream during the 2nd quarter valued at about $157,371,000. Norges Bank bought a new position in shares of Antero Midstream in the 4th quarter valued at approximately $66,998,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Antero Midstream in the 2nd quarter valued at approximately $49,883,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Antero Midstream in the 2nd quarter worth approximately $46,007,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. Antero Midstream’s payout ratio is 107.14%.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.