Antero Midstream Co. (NYSE:AM – Free Report) – Analysts at Zacks Research upped their Q2 2024 EPS estimates for Antero Midstream in a research note issued on Thursday, September 7th. Zacks Research analyst U. Dutta now anticipates 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 $0.81 per share. Zacks Research also issued estimates for Antero Midstream’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.94 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.24 EPS and FY2025 earnings at $0.96 EPS.
Antero Midstream (NYSE:AM – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The pipeline company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $258.29 million for the quarter, compared to analysts’ expectations of $267.03 million. Antero Midstream had a return on equity of 18.13% and a net margin of 34.36%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share.
Get Our Latest Stock Analysis on Antero Midstream
Antero Midstream Stock Performance
AM opened at $11.85 on Monday. The business’s 50 day moving average is $11.85 and its 200-day moving average is $11.00. The stock has a market cap of $5.68 billion, a PE ratio of 16.93 and a beta of 2.38. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.54. Antero Midstream has a twelve month low of $8.80 and a twelve month high of $12.35.
Antero Midstream Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.59%. The ex-dividend date was Tuesday, July 25th. Antero Midstream’s payout ratio is 128.57%.
Insiders Place Their Bets
In other Antero Midstream news, insider Sheri Pearce sold 16,600 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $12.05, for a total transaction of $200,030.00. Following the transaction, the insider now directly owns 138,667 shares in the company, valued at approximately $1,670,937.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Antero Midstream news, insider Sheri Pearce sold 16,600 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $12.05, for a total transaction of $200,030.00. Following the transaction, the insider now directly owns 138,667 shares in the company, valued at approximately $1,670,937.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janine J. Mcardle acquired 6,011 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $11.96 per share, for a total transaction of $71,891.56. Following the completion of the transaction, the director now owns 54,093 shares in the company, valued at approximately $646,952.28. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.
Institutional Investors Weigh In On Antero Midstream
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Antero Midstream by 1.2% during the 2nd quarter. BlackRock Inc. now owns 38,226,899 shares of the pipeline company’s stock valued at $443,432,000 after buying an additional 460,065 shares during the period. Vanguard Group Inc. lifted its stake in shares of Antero Midstream by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,273,854 shares of the pipeline company’s stock valued at $296,274,000 after purchasing an additional 481,124 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Antero Midstream by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,590,071 shares of the pipeline company’s stock valued at $122,839,000 after purchasing an additional 77,160 shares during the last quarter. State Street Corp raised its holdings in Antero Midstream by 1.3% in the 1st quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock worth $102,686,000 after acquiring an additional 123,885 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Antero Midstream by 6.3% in the 2nd quarter. Clearbridge Investments LLC now owns 7,205,393 shares of the pipeline company’s stock worth $83,583,000 after acquiring an additional 428,900 shares during the period. Institutional investors and hedge funds own 52.02% of the company’s stock.
About Antero Midstream
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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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