The price-to-earnings ratio for Antero Midstream Corp (NYSE: AM) is above average at 18.05x. The 36-month beta value for AM is also noteworthy at 2.13. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 8 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for AM is 334.63M, and at present, short sellers hold a 4.28% of that float. The average trading volume of AM on March 28, 2024 was 2.82M shares.
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AM) stock’s latest price update
Antero Midstream Corp (NYSE: AM)’s stock price has plunge by 0.73relation to previous closing price of 13.79. Nevertheless, the company has seen a 1.46% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-24 that Antero Midstream management is considering a dividend increase in the future after the debt ratio goes below 3.0. That should be soon. The parent company runs the midstream very conservatively with one of the lowest debt ratios in the midstream business. Free cash flow has grown far more rapidly than the market anticipated.
AM’s Market Performance
Antero Midstream Corp (AM) has seen a 1.46% rise in stock performance for the week, with a 5.47% gain in the past month and a 9.46% surge in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.63% for AM. The simple moving average for the last 20 days is 2.25% for AM stock, with a simple moving average of 13.02% for the last 200 days.
Analysts’ Opinion of AM
Many brokerage firms have already submitted their reports for AM stocks, with Tudor Pickering Holt & Co. repeating the rating for AM by listing it as a “Hold.” The predicted price for AM in the upcoming period, according to Tudor Pickering Holt & Co. is $13 based on the research report published on March 12, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see AM reach a price target of $12.50. The rating they have provided for AM stocks is “Neutral” according to the report published on October 06th, 2023.
AM Trading at 8.35% from the 50-Day Moving Average
After a stumble in the market that brought AM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.24% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +4.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.02% upper at present.
During the last 5 trading sessions, AM rose by +1.46%, which changed the moving average for the period of 200-days by +27.90% in comparison to the 20-day moving average, which settled at $13.62. In addition, Antero Midstream Corp saw 10.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AM starting from Pearce Sheri, who sale 16,394 shares at the price of $13.67 back on Mar 13 ’24. After this action, Pearce Sheri now owns 170,266 shares of Antero Midstream Corp, valued at $224,106 using the latest closing price.
MCARDLE JANINE J, the Director of Antero Midstream Corp, purchase 6,011 shares at $11.96 during a trade that took place back on Aug 22 ’23, which means that MCARDLE JANINE J is holding 54,093 shares at $71,892 based on the most recent closing price.
Stock Fundamentals for AM
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.62 for the gross margin
The net margin for Antero Midstream Corp stands at 0.33. The total capital return value is set at 0.11. Equity return is now at value 17.12, with 6.32 for asset returns.
Based on Antero Midstream Corp (AM), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 2.82.
Currently, EBITDA for the company is 825.75 million with net debt to EBITDA at 3.56. When we switch over and look at the enterprise to sales, we see a ratio of 8.88. The receivables turnover for the company is 12.42for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, Antero Midstream Corp (AM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
