Zacks Research Weighs in on Antero Midstream Co.’s Q2 2024 Earnings (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Zacks Research reduced their Q2 2024 earnings per share (EPS) estimates for Antero Midstream in a report released on Friday, July 26th. Zacks Research analyst R. Department now anticipates that the pipeline company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Antero Midstream’s current full-year earnings is $0.86 per share. Zacks Research also issued estimates for Antero Midstream’s Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.86 EPS, Q4 2025 earnings at $0.24 EPS and Q2 2026 earnings at $0.24 EPS.

Separately, StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

Antero Midstream Price Performance

AM opened at $14.56 on Monday. The business’s 50-day moving average is $14.62 and its two-hundred day moving average is $13.83. Antero Midstream has a 1 year low of $11.50 and a 1 year high of $15.21. 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 market capitalization of $7.01 billion, a PE ratio of 18.20 and a beta of 2.38.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its stake in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,753 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of Antero Midstream during the first quarter worth about $34,000. Parkside Financial Bank & Trust grew its stake in shares of Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Antero Midstream during the first quarter worth about $48,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.18%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

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.