Antero Midstream Corp (NYSE:AM) finished Friday with a subtraction of -$0.24 to close at $11.98, a downside of -1.96 percent. An average of 3,611,680 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 2,531,580 shares traded, while the 50-day average volume stands at 2,117,532.
AM stock has decreased by -1.64% in the last month. The company shares reached their 1-month lowest point of $11.52 on 09/07/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $8.89 and a high of $12.38 in 52 weeks. It has reached a new high 16 times so far this year and achieved 11.03% or $1.19 in price. In spite of this, the price is down -3.19% from the 52-week high.
Insider Transactions
AM stock investors should be aware that Antero Midstream Corp (AM) stock had its last reported insider trading activity 52 days ago on Aug 22. In this transaction, the insider spent $200,030. Director, KLIMLEY BROOKS J, disposed of 5,000 shares at a price of $12.01 on Aug 09. The insider now owns more than $60,025 worth of shares. Prior to that, Pearce Sheri went on to Sale 19,600 shares at $10.25 each on Jun 01. An amount of $200,900 was transacted.
Valuation Metrics
Antero Midstream Corp (AM) has a trailing price-to-earnings (P/E) ratio of 16.96. The stock’s beta is 2.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.42, the price-to-book (PB) ratio at 2.67, and the price-to-cash flow ratio at 20.87.
The company has a payout ratio of 132.72%. The company’s most recent quarterly dividend payment was $0.2250 a share, without any change from last year. Its latest decrease dividend $0.0825 reported on Thursday April 15 2021.
Financial Health
The quick ratio of Antero Midstream Corp for the three months ended June 29 was 0.97, and the current ratio was 0.97, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.54 and a total debt to equity ratio of 1.54 for the quarter ending June 29. Its gross profit as reported stood at $539.47 million compared to revenue of $919.99 million.
Earnings Surprise
For the three-month period that ended June 29, Antero Midstream Corp had $3.31 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $87.01 million in the quarter, while revenues of $82.79 million were grew 8.01%. The analyst consensus anticipated Antero Midstream Corp’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.18, a -10.00% surprise. For the quarter, EBITDA amounted to $199.91 million. Shareholders own equity worth $479.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Antero Midstream Corp (AM) price momentum. RSI 9-day as of the close on 29 September was 53.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.91%.
As of today, AM’s price is $11.98 +0.67% or $0.08 from its 5-day moving average. AM is currently trading -1.16% lower than its 20-day SMA and +15.75% higher than its 100-day SMA. However, the stock’s current price level is +1.01% above the SMA50 and +13.13% above the SMA200.
The stochastic %K and %D were 70.30% and 70.57%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 49.68% and the average true range at 0.25, the RSI (14) stands at 52.68%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
Analyst Ratings
UBS launched coverage on Antero Midstream Corp (NYSE: AM) in its analyst report released on May 10, 2023. The firm assigned the stock a Buy rating. The consensus rating for Antero Midstream Corp (AM) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is AM’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $15.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Antero Midstream Corp (AM) stock is $13.00.
