Zacks Research Revises Earnings Estimates for Antero Midstream

On December 25th, 2024, Zacks Research made an adjustment to its earnings forecasts for Antero Midstream Co. (NYSE:AM) in a note sent to investors. The revised estimate for the first quarter of 2026 now stands at $0.24 per share, a decrease from the previous estimate of $0.25. The anticipated earnings for Antero Midstream for the current full year are projected at $0.83 per share.

Other research firms have also provided updates on Antero Midstream recently. For example, Morgan Stanley raised its price target for the company from $15.00 to $16.00 but maintained an “underweight” rating as of August 27th. Additionally, StockNews.com upgraded Antero Midstream shares from a “hold” to a “buy” rating in a report dated December 19th. On the other hand, Wells Fargo & Company adjusted its rating, lowering it from “overweight” to “equal weight,” and set a target price of $16.00 in their report dated December 18th.

Antero Midstream Stock Performance

As of Wednesday, Antero Midstream shares opened at $15.30, reflecting a 1.6% increase. The stock's 50-day moving average is $15.17, while the 200-day moving average is $14.87. Current financial ratios show a current ratio of 1.09, a quick ratio of 1.09, and a debt-to-equity ratio of 1.49. Antero Midstream has a market capitalization of approximately $7.36 billion, a price-to-earnings ratio of 18.89, and a beta value of 2.39. The company’s stock has seen a low of $11.58 and a high of $16.00 over the past year.

Institutional Ownership Analysis

Recently, several large investors have either increased or decreased their stakes in Antero Midstream. For instance, Stifel Financial Corp increased its holdings by 0.8% in the third quarter, bringing its total to 83,452 shares, valued at $1,256,000 after purchasing an additional 685 shares. Coldstream Capital Management Inc. also increased its stake in Antero Midstream by 6.1%, now owning 12,263 shares worth $185,000 post-purchase of 705 shares. Meanwhile, Wedmont Private Capital and CWM LLC raised their holdings by 4.7% and 10.5%, respectively, during the same period. Currently, institutional investors own 53.97% of Antero Midstream's stock.

Insider Transactions

In insider activity, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream in a transaction executed on November 5th, at an average price of $14.66 per share, totaling $146,600. Following this sale, his remaining shares amount to 74,100, valued at about $1,086,306. This reduction in his position is approximately 11.89%. The sale has been duly reported in filings with the Securities & Exchange Commission.

Dividend Information

Additionally, Antero Midstream announced its recent quarterly dividend, which was paid on November 6th. Shareholders recorded on October 23rd received a dividend of $0.225. The ex-dividend date was the same day. This translates to an annualized dividend of $0.90, resulting in a yield of 5.88%. The current payout ratio stands at 111.11%.

Overview of Antero Midstream

Antero Midstream Corporation specializes in owning, operating, and developing midstream energy assets, primarily in the Appalachian Basin. Its operations are divided into two segments: Gathering and Processing, and Water Handling. The Gathering and Processing segment focuses on a network of pipelines and compressor stations that collect and process production from Antero Resources' wells situated in West Virginia and Ohio.

Zacks, Earnings, Antero