The stock of Antero Midstream Corporation (NYSE:AM) decreased by -$0.15 on Tuesday to finish at $11.67, down -1.27 percent. The last five days have seen an average of 2,324,480 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $0.88. The average number of shares traded over the last 20 days was 2,087,255, while the average volume over the last 50 days totaled 1,954,602.
AM stock dropped -1.60% since last month. On 09/07/23, the company’s shares reached a one-month low of $11.52. The stock touched a high of $12.35 on 09/01/23, after rallying from a low of $8.80 in 52 weeks. The price of AM stock has risen by 8.16% or $0.88 this year, reaching a new high 15 times. Still, the stock price is down -5.51% from the 52-week high.
Insider Transactions
AM stock investors should be aware that Antero Midstream Corporation (AM) stock had its last reported insider trading activity 29 days ago on Aug 22. On Aug 22, Director MCARDLE JANINE J acquired 6,011 shares at $11.96 each. This transaction resulted in the insider spending $71,892. On Aug 09, Pearce Sheri sold 16,600 shares at a price of US$12.05. After the transaction, the insider now owns 138,667 shares. Director KLIMLEY BROOKS J had earlier sold 5,000 shares on Aug 09 for $12.01 a share. The transaction was completed for $60,025.
Valuation Metrics
Antero Midstream Corporation (AM) has a trailing price-to-earnings (P/E) ratio of 16.51. Beta for the stock is 2.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.69, the price-to-book (PB) ratio of 2.60, and the price-to-cash flow ratio of 20.47.
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 June 29, Antero Midstream Corporation’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.54, and the total debt to equity ratio is 1.54. Antero Midstream Corporation’s EBITDA margin for the year ended June 29 was 75.11%, whereas its operating margin stood at 58.10% for the same period. Based on annual data, it had gross profit of $539.47 million and revenue of $919.99 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 7.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.60%.
Earnings Surprise
According to Antero Midstream Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $258.29 million, while revenues rose by 15.41% to $241.55 million. It was predicted that Antero Midstream Corporation’s quarterly earnings would be $0.18, but it ended up being $0.2. EBITDA was $199.91 million for the quarter. At the end of Antero Midstream Corporation’s most recent quarter ended June 29, its liabilities totaled 3.6 billion, while its total debt was $3.31 billion. Equity owned by shareholders amounts to $479.68 million.
Technical Picture
Here’s a quick look at Antero Midstream Corporation’s (AM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 41.85%, suggesting the stock is Neutral, with a 21.47% historical volatility rate.
The stochastic %K and %D were 26.91% and 31.19% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 18.07%, the RSI (14) reading is 44.87%. On the 9-day MACD Oscillator, the stock is at -0.04, and the 14-day reading is at -0.13.
Analyst Ratings
In its analyst report released on May 10, 2023, UBS began covering Antero Midstream Corporation (NYSE: AM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Antero Midstream Corporation (AM) an Hold rating. AM is a stock that is recommended for selling by 2 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others 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 $12.00 and $15.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Antero Midstream Corporation (AM) is $13.00.
