Why You Need Antero Midstream Corporation (AM) On Your Watchlist

Antero Midstream Corporation (NYSE:AM) saw an upside of 0.18% to close Tuesday at $11.00 after adding $0.02 on the day. The 5-day average trading volume is 3,136,640 shares of the company’s common stock. It has gained $11.22 in the past week. An average of 3,726,505 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,340,580.

AM’s 1-month performance is 7.21% or $0.95 on its low of $9.73 reached on 09/21/21. The company’s shares have touched a 52-week low of $5.49 and high of $11.22, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, AM has achieved 42.67% or $3.29. However, the current price is down -1.96%% from the 52-week high price.


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Insider Transactions

On Nov 24, 323 days have gone by since the last insider trading activity for Antero Midstream Corporation (AM). Pearce Sheri (See Remarks) most recently sold 1,326 shares at $7.27 per share on Nov 24. This transaction cost the insider $9,636. Director, KLIMLEY BROOKS J, sold 9,788 shares at a price of $6.22 on Nov 12.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 2162.53 and a low of 4.912. AM stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.84 while the price-to-book (PB) in the most recent quarter is 2.25.

Antero Midstream Corporation pays an annual dividend of $0.90 per share. Its dividend yield is 8.18% and the payout ratio is 147.20%. AM’s most recent quarterly dividend payment was made on Aug. 11, when it paid $0.2250 a share compared with prior rate of $0.2250, down 0.0% from last year’s. The company latest dividend decrease of $0.0825 reported on Thursday April 15 2021. Measured over the last 3 years, the Dividend has been growing by -0.81% yearly.

It is projected that Antero Midstream Corporation’s next ex-dividend date will be on 1-Nov. AM is expected to distribute $0.225 as its next dividend.

Antero Midstream Corporation’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80 meaning that AM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.33, while the total debt to equity was 1.33The trailing 12-month EBITDA margin is 76.03% while for the period ending June 29; Antero Midstream Corporation’s operating margin was 59.40%. The firm’s gross profit as reported stood at -$117.64 million against revenue of $900.72 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AM to announce $0.2 per share in earnings in its latest quarter, but it posted $0.17, representing a -15.00% surprise. EBITDA for the quarter stood at more than $197.03 million. AM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.21 billion, with total debt at $3.09 billion. Shareholders hold equity totaling $477.46 million

Technical Picture

Let’s look briefly at Antero Midstream Corporation (AM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 67.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.97%.

The stock’s 5-day moving average is $10.92, reflecting a +0.64% or $0.07 change from its current price. AM is currently trading +8.80% above its 20-day SMA, +10.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +18.92% and +31.26% respectively.

Stochastic %K and %D was 84.01% and 83.66% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 65.29%, while the 14-day stochastic is at 82.40% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.29 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Antero Midstream Corporation (NYSE: AM), Tudor Pickering downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for AM stock have a consensus rating for the stock as Underweight. Currently, 3 brokerage advisors rate AM as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is AM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.50 and a high of $10.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Antero Midstream Corporation (AM) stock is $9.28.

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