Antero Midstream Corporation (NYSE:AM) operater of midstream energy, is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.21 per share.
For the full year, analysts predict revenues of $ 908.73 million, while looking forward to loss of $ 0.27 per share.
Previous Quarter Performance
Antero Midstream Corporation outlined income for the second quarter of $ 0.22 per share, from the revenue of $ 219.74 million. The consensus estimates are income of $ 0.22 per share from $ 215.08 million in revenue. The top line results outshined analysts by $ 4.66 million or 2.17 percent.
Stock Performance
Shares of Antero Midstream Corporation traded low $ -0.12 or -1.85 percent on Tuesday, reaching $ 6.36 with volume of 6.38 million shares. Antero Midstream Corporation has traded high as $ 6.51 and has cracked $ 6.28 on the downward trend
According to the previous trading day, closing price of $ 6.36, representing a 283.43 % increase from the 52 week low of $ 1.69 and a 23.31 % decrease over the 52 week high of $ 8.45.
The company has a market capital of $ 3.03 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 4.00 target price.
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. The company was founded in 2013 and is based in Denver, Colorado.
