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

Antero Midstream Co. (NYSE:AM) – Research analysts at Capital One Financial boosted their Q4 2024 earnings estimates for Antero Midstream in a note issued to investors on Thursday, September 19th. Capital One Financial analyst W. Suki now forecasts that the pipeline company will post earnings of $0.23 per share for the quarter, up from their prior estimate 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.

Antero Midstream (NYSE:AM) last posted its 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 firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $274.66 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS.

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

Antero Midstream Stock Up 1.6 %

Antero Midstream stock opened at $14.81 on Monday. Antero Midstream has a 1-year low of $11.50 and a 1-year high of $15.21. The business has a fifty day moving average price of $14.48 and a 200-day moving average price of $14.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently made changes to their positions in AM. Allspring Global Investments Holdings LLC raised its holdings in Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC purchased a new stake in shares of Antero Midstream during the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. acquired a new position in shares of Antero Midstream in the 1st quarter valued at $48,000. City State Bank purchased a new position in Antero Midstream during the second quarter worth about $51,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Antero Midstream by 24.2% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insiders Place Their Bets

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

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.08%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Antero Midstream Company Profile

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.