FY2027 EPS Estimate for Antero Midstream Raised by Analyst

by · The Markets Daily

Antero Midstream Corporation (NYSE:AM – Free Report) – Stock analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for Antero Midstream in a research note issued on Monday, December 15th. Zacks Research analyst Team now anticipates that the pipeline company will post earnings per share of $1.06 for the year, up from their prior forecast of $1.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Antero Midstream’s current full-year earnings is $0.95 per share.

AM has been the subject of a number of other research reports. Morgan Stanley upped their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday. Finally, Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.83.

View Our Latest Stock Report on AM

Antero Midstream Price Performance

Shares of NYSE AM opened at $17.69 on Thursday. The stock has a fifty day moving average price of $17.92 and a 200 day moving average price of $18.12. Antero Midstream has a 1-year low of $14.22 and a 1-year high of $19.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $8.42 billion, a PE ratio of 18.05 and a beta of 0.82.

Antero Midstream (NYSE:AM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The company had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is currently 91.84%.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the sale, the director owned 72,622 shares in the company, valued at $1,277,420.98. This trade represents a 6.44% 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. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 994 shares in the last quarter. Root Financial Partners LLC acquired a new position in Antero Midstream during the third quarter worth $25,000. Quent Capital LLC purchased a new stake in Antero Midstream during the third quarter worth $28,000. Global Retirement Partners LLC boosted its position in Antero Midstream by 33.3% during the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after purchasing an additional 565 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Antero Midstream by 138.1% in the third quarter. Hantz Financial Services Inc. now owns 2,688 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 1,559 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Company Profile

(Get Free Report)

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.

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