Insider Activity Monitoring: Antero Midstream Corporation (AM)


Antero Midstream Corporation (NYSE:AM) saw an upside of 0.83% to close Tuesday at $10.98 after adding $0.09 on the day. The 5-day average trading volume is 2,652,960 shares of the company’s common stock. It has gained $11.02 in the past week and touched a new high 5 times within the past 5 days. An average of 3,108,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,939,502.

AM’s 1-month performance is -0.72% or -$0.08 on its low of $10.26 reached on 12/12/22. The company’s shares have touched a 52-week low of $8.56 and high of $11.61, with the stock’s rally to the 52-week high happening on 12/01/22. YTD, AM has achieved 13.43% or $1.30 and has reached a new high 13 times. However, the current price is down -5.43% from the 52-week high price.

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Insider Transactions

AM stock investors last saw insider trading activity on May 25.Keenan W Howard JR (Director) most recently sold 242,868 shares at $10.49 per share on May 25. This transaction cost the insider $2,547,977. Director, Keenan W Howard JR, sold 299,019 shares at a price of $10.23 on May 24. Then, on May 23, Director Keenan W Howard JR sold 250,996 shares at a price of $10.31 per share. This transaction amounted to $2,587,141.

Valuation Metrics

AM stock has a beta of 2.36. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.71 while the price-to-book (PB) in the most recent quarter is 2.38, with the price to cash flow ratio at 7.54.

Antero Midstream Corporation’s quick ratio for the period ended September 29 was 0.80, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.42, while the total debt to equity was 1.42. The firm’s gross profit as reported stood at $555.33 million against revenue of $898.2 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -6.33% to $84.01 million, while revenue of $79.4 million was 5.49% off the previous quarter. Analysts expected AM to announce $0.19 per share in earnings in its latest quarter, but it posted $0.17, representing a -10.50% surprise. EBITDA for the quarter stood at more than $190.96 million. Shareholders hold equity totaling $478.49 million.

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 27 December was 58.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.13%.

The stock’s 5-day moving average is $10.75, reflecting a +5.27% or $0.55 change from its current price. AM is currently trading +0.09% above its 20-day SMA, +14.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.16% and SMA200 by+7.65%.

Stochastic %K and %D was 81.88% and 63.34% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 55.14%, while the 14-day stochastic is at 94.74% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.17 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Antero Midstream Corporation (NYSE: AM), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock.


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