Zacks: Brokerages Expect Antero Midstream Corp (NYSE:AM) to Announce $0.22 EPS

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Equities research analysts predict that Antero Midstream Corp (NYSE:AM) will report earnings per share of $0.22 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Antero Midstream’s earnings, with estimates ranging from $0.17 to $0.31. Antero Midstream posted earnings per share of $0.10 during the same quarter last year, which would suggest a positive year over year growth rate of 120%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 12th.

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

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

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

NYSE AM opened at $4.59 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.31 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.90 and a beta of 1.13. Antero Midstream has a 12-month low of $4.26 and a 12-month high of $14.86. The firm has a 50-day moving average price of $6.09 and a two-hundred day moving average price of $8.72.

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

In related news, insider Yorktown Energy Partners Viii, sold 12,713 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.31, for a total transaction of $614,165.03. Also, Director Peter Kagan sold 22,965,437 shares of the business’s 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 sale, the director now directly owns 49,722 shares in the company, valued at approximately $324,187.44. The disclosure for this sale can be found here.

Hedge funds have recently bought and sold shares of the company. Chickasaw Capital Management LLC acquired a new stake in Antero Midstream in the 3rd quarter valued at about $107,841,000. State Street Corp purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at $41,584,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Antero Midstream during the 3rd quarter worth $40,222,000. Duff & Phelps Investment Management Co. acquired a new stake in shares of Antero Midstream during the 3rd quarter worth $26,865,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Antero Midstream in the 3rd quarter worth $12,309,000. Institutional investors own 67.33% of the company’s stock.

About Antero Midstream

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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