You Should Know These Things About Antero Midstream Corporation (AM)


As of Friday close, Antero Midstream Corporation’s (NYSE:AM) stock was down -$0.1, moving down -1.00 percent to $9.90. The average number of shares traded per day over the past five days has been 3,583,040 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 2,757,850, while in the previous 50 days, it was 3,004,234.

Since last month, AM stock retreated -8.59%. Shares of the company fell to $9.73 on 03/17/23, the lowest level in the past month. A 52-week high of $11.61 was reached on 01/17/23 after having rallying from a 52-week low of $8.56. Since the beginning of this year, AM’s stock price has dropped by -8.25% or -$0.89, and marked a new high 6 times. However, the stock has declined by -14.73% since its 52-week high.

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AM stock investors should be aware that Antero Midstream Corporation (AM) stock had its last reported insider trading activity 3 days ago on Mar 15. KEYTE DAVID H, the Director of the company, purchased of 10,000 shares for $10.01 on Mar 15. It resulted in a $100,100 investment by the insider. Keenan W Howard JR sold 242,868 shares at an average price of $10.49 on May 25. The insider now owns 0 shares following the transaction. On May 24, Director Keenan W Howard JR sold 299,019 shares at $10.23 apiece. The transaction was valued at $3,057,918.

Valuation Metrics

Right now, Antero Midstream Corporation (AM) has a P/E ratio of about 14.60. The stock’s beta is 2.31. Besides these, the trailing price-to-sales (P/S) ratio of 5.28, the price-to-book (PB) ratio of 2.16, and the price-to-cash flow ratio of 24.85 may also be considered.

The latest dividend of $0.2250 per share was paid out, remained unchanged from last year’s $0.2250. On Thursday April 15 2021, a $0.0825 dividend decrease was announced.

Financial Health

In the three months ended September 29, Antero Midstream Corporation’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.53, and the total debt-to-equity ratio was 1.53. In the year ended September 29, operating margins totaled 58.60%. Based on annual data, AM earned $539.47 million in gross profit and brought in $919.99 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.60%. Return on equity (ROE) for the past 12 months was 14.60%.

In Antero Midstream Corporation’s quarter-end financial report for September 29, it reported total debt of $3.36 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AM’s revenue rose 10.37% to $231.03 million during the quarter, while net income inched up to $241.55 million. While analysts expected Antero Midstream Corporation to report $0.19 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by -10.50%. During the quarter, the company generated $196.84 million in EBITDA. The liabilities of Antero Midstream Corporation were 3.6 billion at the end of its most recent quarter ended September 29, and its total debt was $3.14 billion. The value of shareholders’ equity is $478.61 million.

Technical Picture

This quick technical analysis looks at Antero Midstream Corporation’s (AM) price momentum. With a historical volatility rate of 22.82%, the RSI 9-day stood at 30.81% on 17 March.

With respect to its five-day moving average, the current Antero Midstream Corporation price is down by -1.88% percent or -$0.19. At present, AM shares trade -10.00% below its 20-day simple moving average and -3.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.09% below its SMA50 and -8.84% below its SMA200.

Stochastic coefficient K was 18.22% and Stochastic coefficient D was 25.73%, while ATR was 0.32. Given the Stochastic reading of 14.54% for the 14-day period, the RSI (14) reading has been calculated as 34.71%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.40.


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