Antero Midstream Corp (NYSE:AM) saw a downside of -0.59% to close Tuesday at $11.82 after subtracting -$0.07 on the day. The 5-day average trading volume is 2,315,300 shares of the company’s common stock. It has gained $12.01 in the past week and touched a new high 2 times within the past 5 days. An average of 2,205,380 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,966,390.
AM’s 1-month performance is -1.01% or -$0.12 on its low of $11.52 reached on 09/07/23. The company’s shares have touched a 52-week low of $8.80 and high of $12.35, with the stock’s rally to the 52-week high happening on 09/01/23. YTD, AM has achieved 9.55% or $1.03 and has reached a new high 15 times. However, the current price is down -4.29% from the 52-week high price.
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Insider Transactions
AM stock investors last saw insider trading activity on Aug 22.Pearce Sheri () most recently sold 16,600 shares at $12.05 per share on Aug 09. This transaction cost the insider $200,030. Director, KLIMLEY BROOKS J, sold 5,000 shares at a price of $12.01 on Aug 09. Then, on Jun 01, Pearce Sheri sold 19,600 shares at a price of $10.25 per share. This transaction amounted to $200,900.
Valuation Metrics
AM stock has a beta of 2.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.34 while the price-to-book (PB) in the most recent quarter is 2.63, with the price to cash flow ratio at 20.59.
Antero Midstream Corp’s quick ratio for the period ended June 29 was 0.97, with the current ratio over the same period at 0.97. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.54, while the total debt to equity was 1.54.. In terms of profitability, the gross margin trailing 12 months is 60.94%. The trailing 12-month EBITDA margin is 75.11% while for the period ending June 29, Antero Midstream Corp’s operating margin was 54.65%. The firm’s gross profit as reported stood at $539.47 million against revenue of $919.99 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 8.01% to $87.01 million, while revenue of $82.79 million was 4.85% off the previous quarter. Analysts expected AM to announce $0.2 per share in earnings in its latest quarter, but it posted $0.18, representing a -10.00% surprise. EBITDA for the quarter stood at more than $199.91 million. AM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.6 billion, with total debt at $3.31 billion. Shareholders hold equity totaling $479.68 million.
Let’s look briefly at Antero Midstream Corp (AM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 49.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.73%.
The stock’s 5-day moving average is $11.80, reflecting a +1.29% or $0.15 change from its current price. AM is currently trading -2.07% above its 20-day SMA, +13.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.37% and SMA200 by+10.99%.
Stochastic %K and %D was 60.77% and 45.92% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 49.73%, while the 14-day stochastic is at 56.60% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Antero Midstream Corp (NYSE: AM), UBS launched coverage with a Buy rating. Analysts offering their rating for AM stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate AM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is AM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $15.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Antero Midstream Corp (AM) stock is $13.00.
