Value gained By Antero Midstream Corporation (AM) In The Past Week: $10.56

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Antero Midstream Corporation (NYSE:AM) finished Wednesday with a subtraction of -$0.07 to close at $9.95, a downside of -0.70 percent. An average of 4,118,840 shares of common stock have been traded in the last five days. There was a fall of -$0.49 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,251,020 shares traded, while the 50-day average volume stands at 3,149,580.

AM stock has decreased by -3.96% in the last month. The company shares reached their 1-month lowest point of $9.56 on 09/07/22. With the stock rallying to its 52-week high on 04/20/22, shares of the company touched a low of $8.56 and a high of $11.71 in 52 weeks. It has reached a new high 12 times so far this year and achieved 2.79% or $0.27 in price. In spite of this, the price is down -15.03% from the 52-week high.


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Insider Transactions

120 days have passed since Antero Midstream Corporation (AM) last reported insider trading activity. Keenan W Howard JR, who is Director, most recently acquired $242,868 shares at $10.49 per share on May 25. In this transaction, the insider spent $2,547,977. Director, Keenan W Howard JR, disposed of 299,019 shares at a price of $10.23 on May 24. The insider now owns more than $3,057,918 worth of shares. Prior to that, Director Keenan W Howard JR went on to Sale 250,996 shares at $10.31 each on May 23. An amount of $2,587,141 was transacted.

Valuation Metrics

Antero Midstream Corporation (AM) has a trailing price-to-earnings (P/E) ratio of 14.61. The stock’s beta is 2.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.52, the price-to-book (PB) ratio at 2.14, and the price-to-cash flow ratio at 6.83.

The company has a payout ratio of 131.50%. The company’s most recent quarterly dividend payment was $0.2250 a share, without any change from last year. Its latest decrease dividend $0.0825 reported on Thursday April 15 2021.

Financial Health

The quick ratio of Antero Midstream Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.42 for the quarter ending June 29. Its gross profit as reported stood at $555.33 million compared to revenue of $898.2 million.

Earnings Surprise

For the three-month period that ended June 29, Antero Midstream Corporation had $3.16 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $79.4 million in the quarter, while revenues were shrunk -1.03%. The analyst consensus anticipated Antero Midstream Corporation’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.19, a -5.00% surprise. For the quarter, EBITDA amounted to $183.22 million. Shareholders own equity worth $478.46 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Antero Midstream Corporation (AM) price momentum. RSI 9-day as of the close on 21 September was 43.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.24%.

As of today, AM’s price is $10.11 -4.69% or -$0.49 from its 5-day moving average. AM is currently trading -5.69% lower than its 20-day SMA and -7.10% lower than its 100-day SMA. However, the stock’s current price level is +10.19% above the SMA50 and +3.86% above the SMA200.

The stochastic %K and %D were 47.50% and 51.29%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 39.50% and the average true range at 0.30, the RSI (14) stands at 45.99%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

Wells Fargo upgraded Antero Midstream Corporation (NYSE: AM) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Antero Midstream Corporation (AM) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell AM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $9.00 and $13.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Antero Midstream Corporation (AM) stock is $10.57.

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