Is Antero Midstream Corporation (AM) Stock Cheap Or Risky?


As of Wednesday close, Antero Midstream Corporation’s (NYSE:AM) stock was down -$0.06, moving down -0.56 percent to $10.64. The average number of shares traded per day over the past five days has been 2,240,180 shares. 3 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 3,074,595, while in the previous 50 days, it was 2,667,442.

Since last month, AM stock rose 7.69%. Shares of the company fell to $9.69 on 04/27/23, 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 -1.39% or -$0.15, and marked a new high 6 times. However, the stock has declined by -8.35% 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 20 days ago on May 05. Kennedy Michael N., the of the company, disposed of 300,000 shares for $10.47 on May 05. It resulted in a $3,141,000 divestment by the insider. KEYTE DAVID H added 10,000 shares at an average price of $10.01 on Mar 15. The insider now owns 79,373 shares following the transaction.

Valuation Metrics

Right now, Antero Midstream Corporation (AM) has a P/E ratio of about 15.40. The stock’s beta is 2.29. Besides these, the trailing price-to-sales (P/S) ratio of 5.26, the price-to-book (PB) ratio of 2.34.

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 March 30, Antero Midstream Corporation’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.53, and the total debt-to-equity ratio was 1.53. In the year ended March 30, EBITDA margin amounted to 75.11%, whereas operating margins totaled 58.10%. 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 15.10%.

In Antero Midstream Corporation’s quarter-end financial report for March 30, 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 $0.2 quarterly earnings, the actual figure was $0.18 per share. During the quarter, the company generated $202.68 million in EBITDA. The liabilities of Antero Midstream Corporation were 3.6 billion at the end of its most recent quarter ended March 30, and its total debt was $3.33 billion. The value of shareholders’ equity is $479.66 million.

Technical Picture

This quick technical analysis looks at Antero Midstream Corporation’s (AM) price momentum. With a historical volatility rate of 14.74%, the RSI 9-day stood at 54.72% on 24 May.

With respect to its five-day moving average, the current Antero Midstream Corporation price is up by +2.01% percent or $0.21. At present, AM shares trade +8.57% above its 20-day simple moving average and -2.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.40% above its SMA50 and +9.35% above its SMA200.

Stochastic coefficient K was 70.61% and Stochastic coefficient D was 71.03%, while ATR was 0.24. Given the Stochastic reading of 58.21% for the 14-day period, the RSI (14) reading has been calculated as 54.03%. As of today, the MACD Oscillator reading stands at 0.13, while the 14-day reading stands at 0.17.

Analyst Ratings

Antero Midstream Corporation (AM) has been rated Hold by analysts. According to 3 brokerage firms, AM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Antero Midstream Corporation stock as buy, with 3 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $11.00 – $14.00. Based on these forecasts, analysts predict Antero Midstream Corporation (AM) will achieve an average price target of $12.14.


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