Do You Think It Is A Good Idea To Invest In Antero Midstream Corporation (AM)?

The stock of Antero Midstream Corporation (NYSE:AM) increased by $0.42 on Tuesday to finish at $9.52, up 4.62 percent. The last five days have seen an average of 5,326,020 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.16. The average number of shares traded over the last 20 days was 3,530,070, while the average volume over the last 50 days totaled 3,484,478.

AM stock dropped -5.65% since last month. On 06/17/22, the company’s shares reached a one-month low of $8.94. The stock touched a high of $11.71 on 04/20/22, after rallying from a low of $8.42 in 52 weeks. The price of AM stock has declined by -1.65% or -$0.16 this year, reaching a new high 12 times. Still, the stock price is down -18.70% from the 52-week high.

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Insider Transactions

There have been 28 days since Antero Midstream Corporation (AM) last reported insider trading activity on May 25. On May 25, Director Keenan W Howard JR sold 242,868 shares at $10.49 each. This transaction resulted in the insider making $2,547,977. On May 24, Keenan W Howard JR sold 299,019 shares at a price of US$10.23. After the transaction, the insider now owns 95,501 shares. Director Keenan W Howard JR had earlier sold 250,996 shares on May 23 for $10.31 a share. The transaction was completed for $2,587,141.

Valuation Metrics

Antero Midstream Corporation (AM) has a trailing price-to-earnings (P/E) ratio of 13.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.32, the price-to-book (PB) ratio of 2.01, and the price-to-cash flow ratio of 6.58.

Company paid $0.2250 per share in dividends, remained unchanged from $0.2250 last year. A $0.0825 dividend decrease was reported on Thursday April 15 2021.

Financial Health

For the three months ended March 30, Antero Midstream Corporation’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.39, and the total debt to equity ratio is 1.39. Antero Midstream Corporation’s operating margin stood at 59.30% for the same period. Based on annual data, it had gross profit of $555.33 million and revenue of $898.2 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AM’s return on assets (ROA) during the last 12 months has been 5.90%. There was a 7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.30%.

Earnings Surprise

According to Antero Midstream Corporation’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $218.49 million, while revenues fell by -2.58% to $216.49 million. It was predicted that Antero Midstream Corporation’s quarterly earnings would be $0.19, but it ended up being $0.2, beating the consensus by -5.00%. EBITDA was $176.6 million for the quarter. At the end of Antero Midstream Corporation’s most recent quarter ended March 30, its liabilities totaled 3.32 billion, while its total debt was $3.13 billion. Equity owned by shareholders amounts to $478.44 million.

Technical Picture

Here’s a quick look at Antero Midstream Corporation’s (AM) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 33.93%, suggesting the stock is Neutral, with a 47.92% historical volatility rate.

The stochastic %K and %D were 11.74% and 8.58% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 22.88%, the RSI (14) reading is 37.52%. On the 9-day MACD Oscillator, the stock is at -0.73, and the 14-day reading is at -1.11.

Analyst Ratings

In its most recent analyst report, Wells Fargo raised its rating on Antero Midstream Corporation (NYSE: AM) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight. Analysts have assigned Antero Midstream Corporation (AM) an Underweight rating. AM is a stock that is recommended for selling by 4 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

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

The current consensus forecast for the stock is between $9.00 and $13.00, with a median target price of $10.75. In analyzing these forecasts, the average price target given by analysts for Antero Midstream Corporation (AM) is $10.69.


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