Why Is Antero Midstream (AM) Up 0.6% Since Last Earnings Report?

Zacks
14 Mar

A month has gone by since the last earnings report for Antero Midstream Corporation (AM). Shares have added about 0.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Antero Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

How Have Estimates Been Moving Since Then?

Estimates revision followed an upward path over the past two months.

VGM Scores

At this time, Antero Midstream has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Antero Midstream has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

Antero Midstream is part of the Zacks Oil and Gas - Integrated - United States industry. Over the past month, National Fuel Gas (NFG), a stock from the same industry, has gained 3.4%. The company reported its results for the quarter ended December 2024 more than a month ago.

National Fuel Gas reported revenues of $549.48 million in the last reported quarter, representing a year-over-year change of +4.6%. EPS of $1.66 for the same period compares with $1.46 a year ago.

For the current quarter, National Fuel Gas is expected to post earnings of $2.11 per share, indicating a change of +17.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for National Fuel Gas. Also, the stock has a VGM Score of B.

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Antero Midstream Corporation (AM) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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