Q3 EPS Estimate for Antero Midstream Boosted by Analyst

Antero Midstream Corporation (NYSE:AM) – Investment analysts at Zacks Research boosted their Q3 2027 earnings per share (EPS) estimates for Antero Midstream in a note issued to investors on Tuesday, June 2nd. Zacks Research analyst Team now forecasts that the pipeline company will earn $0.32 per share for the quarter, up from their previous forecast of $0.31. The consensus estimate for Antero Midstream’s current full-year earnings is $1.12 per share. Zacks Research also issued estimates for Antero Midstream’s FY2027 earnings at $1.25 EPS and FY2028 earnings at $1.29 EPS.

Several other analysts also recently commented on the company. Wells Fargo & Company increased their price objective on Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. The Goldman Sachs Group increased their price objective on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. UBS Group increased their price objective on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Morgan Stanley raised Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised 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 and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $21.21 on Wednesday. The company has a market cap of $10.07 billion, a PE ratio of 24.66 and a beta of 0.66. Antero Midstream has a 52 week low of $16.77 and a 52 week high of $23.83. The business has a 50 day moving average price of $21.94 and a 200-day moving average price of $20.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 29th. Antero Midstream’s dividend payout ratio is 104.65%.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 14,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the transaction, the insider directly owned 99,900 shares of the company’s stock, valued at $2,273,724. This trade represents a 12.29% 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, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the transaction, the director directly owned 69,680 shares of the company’s stock, valued at $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 213,269 shares of company stock valued at $4,713,681 in the last three months. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Antero Midstream in the first quarter worth $579,000. Ariadne Wealth Management LP bought a new position in shares of Antero Midstream in the first quarter worth $230,000. Bank of America Corp DE boosted its holdings in shares of Antero Midstream by 69.6% in the first quarter. Bank of America Corp DE now owns 1,207,784 shares of the pipeline company’s stock worth $27,537,000 after acquiring an additional 495,481 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Antero Midstream by 71.0% in the first quarter. Janus Henderson Group PLC now owns 273,772 shares of the pipeline company’s stock worth $6,242,000 after acquiring an additional 113,696 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Antero Midstream by 44.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,422 shares of the pipeline company’s stock worth $238,000 after buying an additional 3,222 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

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.