The stock of Antero Midstream Corp (AM) has seen a -1.17% decrease in the past week, with a 7.69% gain in the past month, and a -0.55% decrease in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.99% for AM. The simple moving average for the past 20 days is 0.06% for AM’s stock, with a 5.45% simple moving average for the past 200 days.
Is It Worth Investing in Antero Midstream Corp (NYSE: AM) Right Now?
The price-to-earnings ratio for Antero Midstream Corp (NYSE: AM) is above average at 18.00x. The 36-month beta value for AM is also noteworthy at 2.22. 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.”
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The public float for AM is 336.51M, and at present, short sellers hold a 3.26% of that float. The average trading volume of AM on September 05, 2024 was 2.54M shares.
AM) stock’s latest price update
Antero Midstream Corp (NYSE: AM)’s stock price has decreased by -0.96 compared to its previous closing price of 14.56. However, the company has seen a -1.17% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-08-30 that Antero Midstream (AM) reported earnings 30 days ago. What’s next for the stock?
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 -0.74% 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 -5.19% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +2.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.64% lower at present.
During the last 5 trading sessions, AM fell by -1.17%, which changed the moving average for the period of 200-days by +11.87% in comparison to the 20-day moving average, which settled at $14.43. In addition, Antero Midstream Corp saw 15.08% 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 23,518 shares at the price of $14.59 back on Aug 21 ’24. After this action, Pearce Sheri now owns 130,349 shares of Antero Midstream Corp, valued at $343,128 using the latest closing price.
Pearce Sheri, the of Antero Midstream Corp, sale 16,394 shares at $13.67 during a trade that took place back on Mar 13 ’24, which means that Pearce Sheri is holding 170,266 shares at $224,106 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 18.14, with 6.74 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 0.26. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 3.0.
Currently, EBITDA for the company is 825.75 million with net debt to EBITDA at 3.63. When we switch over and look at the enterprise to sales, we see a ratio of 8.86. The receivables turnover for the company is 11.14for 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 0.89.
Conclusion
In summary, Antero Midstream Corp (AM) has had a mixed 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.
