Equities Analysts Set Expectations for AM FY2024 Earnings

Antero Midstream Co. (NYSE:AM) – Analysts at Zacks Research dropped their FY2024 earnings per share estimates for Antero Midstream in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the pipeline company will post earnings of $0.83 per share for the year, down from their previous estimate of $0.86. The consensus estimate for Antero Midstream’s current full-year earnings is $0.83 per share. Zacks Research also issued estimates for Antero Midstream’s Q4 2024 earnings at $0.23 EPS.

Other analysts also recently issued research reports about the company. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley boosted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.77 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The stock has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $14.75. The company has a market capitalization of $7.59 billion, a P/E ratio of 19.46 and a beta of 2.35.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.71%. Antero Midstream’s payout ratio is 111.11%.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Antero Midstream in the third quarter worth $38,000. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new stake in Antero Midstream in the third quarter worth $48,000. City State Bank bought a new stake in Antero Midstream in the second quarter worth $51,000. Finally, First Horizon Advisors Inc. boosted its holdings in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.