Q1 2020 Earnings Forecast for Antero Midstream Corp Issued By Capital One Financial (NYSE:AM)

Antero Midstream Corp (NYSE:AM) – Equities research analysts at Capital One Financial decreased their Q1 2020 EPS estimates for Antero Midstream in a research note issued on Tuesday, March 24th. Capital One Financial analyst K. May now anticipates that the pipeline company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.18. Capital One Financial also issued estimates for Antero Midstream’s Q2 2020 earnings at $0.18 EPS, FY2020 earnings at $0.73 EPS and FY2021 earnings at $0.89 EPS.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.52). Antero Midstream had a negative net margin of 44.80% and a positive return on equity of 15.01%. The firm had revenue of $239.10 million for the quarter, compared to the consensus estimate of $260.58 million.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird downgraded Antero Midstream from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.00 to $4.00 in a report on Monday, March 9th. Zacks Investment Research downgraded Antero Midstream from a “buy” rating to a “hold” rating and set a $9.25 price objective on the stock. in a report on Friday, January 17th. LADENBURG THALM/SH SH decreased their price objective on Antero Midstream from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, December 9th. ValuEngine downgraded Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 10th. Finally, Wells Fargo & Co downgraded Antero Midstream from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.13.

NYSE AM opened at $2.30 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $3.87 and its two-hundred day moving average is $5.86. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -3.38 and a beta of 1.43. Antero Midstream has a 1-year low of $1.69 and a 1-year high of $14.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Chickasaw Capital Management LLC boosted its holdings in shares of Antero Midstream by 31.0% in the 4th quarter. Chickasaw Capital Management LLC now owns 19,084,609 shares of the pipeline company’s stock worth $144,852,000 after acquiring an additional 4,511,496 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Antero Midstream by 232.3% in the 4th quarter. Bank of New York Mellon Corp now owns 8,214,350 shares of the pipeline company’s stock worth $62,347,000 after acquiring an additional 5,742,629 shares in the last quarter. State Street Corp boosted its holdings in shares of Antero Midstream by 9.7% in the 4th quarter. State Street Corp now owns 6,165,461 shares of the pipeline company’s stock worth $46,796,000 after acquiring an additional 545,942 shares in the last quarter. Barclays PLC boosted its holdings in shares of Antero Midstream by 505.6% in the 4th quarter. Barclays PLC now owns 6,017,979 shares of the pipeline company’s stock worth $45,677,000 after acquiring an additional 5,024,234 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Antero Midstream by 19.2% in the 4th quarter. Geode Capital Management LLC now owns 3,087,362 shares of the pipeline company’s stock worth $23,433,000 after acquiring an additional 496,490 shares in the last quarter. 68.00% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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