Antero Midstream Corp (NYSE: AM) has a price-to-earnings ratio of 18.48x that is above its average ratio. Additionally, the 36-month beta value for AM is 2.23. 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 336.52M and currently, short sellers hold a 2.83% ratio of that float. The average trading volume of AM on September 23, 2024 was 2.53M shares.
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AM) stock’s latest price update
Antero Midstream Corp (NYSE: AM)’s stock price has plunge by 1.58relation to previous closing price of 14.58. Nevertheless, the company has seen a 0.82% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-09-18 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
AM’s Market Performance
AM’s stock has risen by 0.82% in the past week, with a monthly rise of 1.37% and a quarterly rise of 2.49%. The volatility ratio for the week is 2.15% while the volatility levels for the last 30 days are 1.80% for Antero Midstream Corp The simple moving average for the last 20 days is 1.33% for AM stock, with a simple moving average of 7.60% 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 2.26% 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 -2.63% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares surge +1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.41% upper at present.
During the last 5 trading sessions, AM rose by +0.82%, which changed the moving average for the period of 200-days by +10.77% in comparison to the 20-day moving average, which settled at $14.62. In addition, Antero Midstream Corp saw 18.20% 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 9.02. 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 conclusion, Antero Midstream Corp (AM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
