What is Zacks Research’s Forecast for AM FY2027 Earnings?

Antero Midstream Corporation (NYSE:AM) – Equities researchers at Zacks Research dropped their FY2027 EPS estimates for Antero Midstream in a note issued to investors on Tuesday, April 7th. Zacks Research analyst Team now expects that the pipeline company will post earnings of $1.20 per share for the year, down from their prior forecast of $1.21. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Antero Midstream’s current full-year earnings is $0.95 per share.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $297.00 million for the quarter, compared to analyst estimates of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share.

AM has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, UBS Group raised their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.50.

Antero Midstream Trading Up 0.8%

Shares of AM stock opened at $22.79 on Wednesday. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 26.49 and a beta of 0.75. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. Antero Midstream has a fifty-two week low of $15.07 and a fifty-two week high of $23.83. The firm’s 50 day moving average price is $21.78 and its two-hundred day moving average price is $19.40.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s payout ratio is 104.65%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 14,000 shares of Antero Midstream stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the sale, the insider owned 99,900 shares in the company, valued at approximately $2,273,724. The trade was a 12.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction on Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the completion of the sale, the insider owned 649,834 shares of the company’s stock, valued at approximately $14,822,713.54. This trade represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 44,000 shares of company stock worth $1,004,690. Insiders own 0.86% of the company’s stock.

Institutional Trading of Antero Midstream

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its stake in shares of Antero Midstream by 291.0% in the fourth quarter. Hsbc Holdings PLC now owns 59,600 shares of the pipeline company’s stock worth $1,061,000 after buying an additional 44,356 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Antero Midstream by 221.5% in the fourth quarter. Corient Private Wealth LLC now owns 40,595 shares of the pipeline company’s stock worth $722,000 after buying an additional 27,967 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Antero Midstream by 2.2% in the fourth quarter. Compound Planning Inc. now owns 40,551 shares of the pipeline company’s stock worth $721,000 after buying an additional 857 shares during the last quarter. Invesco Ltd. increased its stake in shares of Antero Midstream by 3.4% in the fourth quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock worth $417,069,000 after buying an additional 776,791 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Antero Midstream by 29.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 140,446 shares of the pipeline company’s stock worth $2,499,000 after buying an additional 31,973 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

About Antero Midstream

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.