The price-to-earnings ratio for Antero Midstream Corp (NYSE: AM) is above average at 17.75x, Company’s 36-month beta value is 2.20.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 335.98M, and currently, short sellers hold a 3.92% ratio of that floaft. The average trading volume of AM on May 08, 2024 was 2.77M shares.
AM) stock’s latest price update
Antero Midstream Corp (NYSE: AM)’s stock price has increased by 0.49 compared to its previous closing price of 14.21. However, the company has seen a 3.18% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-28 that I believe the recent outperformance of growth stocks compared to value stocks offers opportunities to allocate money to value stocks. Antero Midstream is an undervalued high-yield gem with a strong position in the natural gas industry and a focus on shareholder value through dividends and buybacks. AM’s robust fundamentals and strategic positioning in the Appalachian Basin make it an enticing opportunity for long-term investors.
AM’s Market Performance
Antero Midstream Corp (AM) has seen a 3.18% rise in stock performance for the week, with a 0.56% gain in the past month and a 19.30% surge in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.83% for AM. The simple moving average for the last 20 days is 2.24% for AM stock, with a simple moving average of 12.74% 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 3.33% 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 -1.65% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares surge +0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.94% upper at present.
During the last 5 trading sessions, AM rose by +3.18%, which changed the moving average for the period of 200-days by +20.51% in comparison to the 20-day moving average, which settled at $13.97. In addition, Antero Midstream Corp saw 13.97% 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:
- 0.56 for the present operating margin
- 0.63 for the gross margin
The net margin for Antero Midstream Corp stands at 0.34. The total capital return value is set at 0.11. Equity return is now at value 17.99, with 6.76 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 0.25. The debt to equity ratio resting at 1.48. The interest coverage ratio of the stock is 2.92.
Currently, EBITDA for the company is 825.75 million with net debt to EBITDA at 3.5. When we switch over and look at the enterprise to sales, we see a ratio of 8.85. The receivables turnover for the company is 10.7for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
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.
