What is Zacks Research’s Forecast for AM FY2027 Earnings?

Antero Midstream Corporation (NYSE:AM) – Stock analysts at Zacks Research lowered their FY2027 EPS estimates for shares of Antero Midstream in a report issued on Tuesday, April 7th. Zacks Research analyst Team now anticipates that the pipeline company will post earnings per share of $1.20 for the year, down from their previous estimate of $1.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Antero Midstream’s current full-year earnings is $0.95 per share.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $292.46 million. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share.

A number of other equities research analysts also recently commented on AM. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. UBS Group lifted their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. The Goldman Sachs Group lifted their price target on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream has an average rating of “Hold” and a consensus price target of $22.50.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $22.79 on Wednesday. The company has a market cap of $10.78 billion, a PE ratio of 26.49 and a beta of 0.75. Antero Midstream has a 12 month low of $15.07 and a 12 month high of $23.83. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. The company has a 50-day simple moving average of $21.78 and a 200-day simple moving average of $19.40.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of Antero Midstream by 291.0% in the fourth quarter. Hsbc Holdings PLC now owns 59,600 shares of the pipeline company’s stock worth $1,061,000 after acquiring an additional 44,356 shares during the last quarter. Corient Private Wealth LLC lifted its position in Antero Midstream by 221.5% during the fourth quarter. Corient Private Wealth LLC now owns 40,595 shares of the pipeline company’s stock valued at $722,000 after buying an additional 27,967 shares in the last quarter. Compound Planning Inc. lifted its position in Antero Midstream by 2.2% during the fourth quarter. Compound Planning Inc. now owns 40,551 shares of the pipeline company’s stock valued at $721,000 after buying an additional 857 shares in the last quarter. Invesco Ltd. lifted its position in Antero Midstream by 3.4% during the fourth quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock valued at $417,069,000 after buying an additional 776,791 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Antero Midstream by 29.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 140,446 shares of the pipeline company’s stock valued at $2,499,000 after buying an additional 31,973 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $22.81, for a total value of $570,250.00. Following the sale, the insider directly owned 649,834 shares of the company’s stock, valued at approximately $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sheri Pearce sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the sale, the insider directly owned 99,900 shares in the company, valued at $2,273,724. This represents a 12.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,000 shares of company stock valued at $1,004,690. Insiders own 0.86% of the company’s stock.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 annualized dividend and a dividend yield of 3.9%. Antero Midstream’s dividend payout ratio (DPR) is currently 104.65%.

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.