Capital One Financial Weighs in on Antero Midstream Co.’s Q4 2024 Earnings (NYSE:AM)

Antero Midstream Co. (NYSE:AM) – Stock analysts at Capital One Financial increased their Q4 2024 earnings per share (EPS) estimates for shares of Antero Midstream in a report issued on Thursday, September 19th. Capital One Financial analyst W. Suki now forecasts that the pipeline company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.22. The consensus estimate for Antero Midstream’s current full-year earnings is $0.85 per share. Capital One Financial also issued estimates for Antero Midstream’s FY2025 earnings at $0.97 EPS.

Several other equities research analysts have also commented on AM. Morgan Stanley upped their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.88.

Antero Midstream Stock Up 1.6 %

AM stock opened at $14.81 on Monday. Antero Midstream has a fifty-two week low of $11.50 and a fifty-two week high of $15.21. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50-day moving average is $14.48 and its two-hundred day moving average is $14.35.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The company had revenue of $269.70 million during the quarter, compared to the consensus estimate of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share.

Institutional Trading of Antero Midstream

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after purchasing an additional 193,263 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Antero Midstream by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after buying an additional 84,000 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Antero Midstream by 3.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after buying an additional 199,625 shares during the period. Norges Bank bought a new stake in shares of Antero Midstream in the fourth quarter valued at about $54,704,000. Finally, Westwood Holdings Group Inc. lifted its stake in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after acquiring an additional 184,911 shares during the period. Institutional investors own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is 112.50%.

About Antero Midstream

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.