Antero Midstream Corp (AM) Stock: A SWOT Analysis

The price-to-earnings ratio for Antero Midstream Corp (NYSE: AM) is above average at 18.60x, Company’s 36-month beta value is 2.16.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 8 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for AM is 334.63M, and currently, short sellers hold a 4.28% ratio of that floaft. The average trading volume of AM on April 03, 2024 was 2.86M shares.

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AM) stock’s latest price update

The stock price of Antero Midstream Corp (NYSE: AM) has jumped by 1.06 compared to previous close of 14.16. Despite this, the company has seen a gain of 3.32% in its stock price over the last five trading days. 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 experienced a 3.32% rise in stock performance for the past week, with a 5.92% rise in the past month, and a 14.21% rise in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.65% for AM.. The simple moving average for the past 20 days is 4.59% for AM’s stock, with a 16.00% simple moving average for the past 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 10.69% 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 able to rebound, for now settling with 0.85% of gains for the given period.

Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +5.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.78% upper at present.

During the last 5 trading sessions, AM rose by +3.32%, which changed the moving average for the period of 200-days by +32.26% in comparison to the 20-day moving average, which settled at $13.72. In addition, Antero Midstream Corp saw 14.21% 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 9.06. 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 a nutshell, Antero Midstream Corp (AM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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