The stock price of Antero Midstream Corp (NYSE: AM) has plunged by -1.22 when compared to previous closing price of 15.60, but the company has seen a 5.48% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Early trading mistakes taught me the value of dividend investing, leading to a portfolio focused on dividend growth stocks for stability and income. Dividend stocks offer consistent growth, reliable cash flow, and peace of mind, making them ideal for retirement-focused investors seeking low-risk, inflation-protected income. For a retirement portfolio, I recommend high-quality dividend payers, avoiding high-risk, ultra-high-yield stocks.
Is It Worth Investing in Antero Midstream Corp (NYSE: AM) Right Now?
Antero Midstream Corp (NYSE: AM) has a higher price-to-earnings ratio of 19.17x compared to its average ratio. AM has 36-month beta value of 2.28. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 8 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AM is 336.56M, and currently, short sellers hold a 3.58% ratio of that float. The average trading volume of AM on November 13, 2024 was 2.74M shares.
AM’s Market Performance
AM’s stock has seen a 5.48% increase for the week, with a -1.03% drop in the past month and a 9.06% gain in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 1.83% for Antero Midstream Corp The simple moving average for the last 20 days is 2.69% for AM stock, with a simple moving average of 7.98% 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 2.58% 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 -2.90% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.84% upper at present.
During the last 5 trading sessions, AM rose by +5.48%, which changed the moving average for the period of 200-days by +24.37% in comparison to the 20-day moving average, which settled at $15.01. In addition, Antero Midstream Corp saw 22.98% 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 KLIMLEY BROOKS J, who sale 10,000 shares at the price of $14.66 back on Nov 05 ’24. After this action, KLIMLEY BROOKS J now owns 74,100 shares of Antero Midstream Corp, valued at $146,600 using the latest closing price.
BROOKS J KLIMLEY, the Director of Antero Midstream Corp, proposed sale 10,000 shares at $14.66 during a trade that took place back on Nov 05 ’24, which means that BROOKS J KLIMLEY is holding shares at $146,552 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 18.23, 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 0.26. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 3.05.
Currently, EBITDA for the company is 824.95 million with net debt to EBITDA at 3.61. When we switch over and look at the enterprise to sales, we see a ratio of 9.21. The receivables turnover for the company is 11.66for 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 1.09.
Conclusion
To put it simply, Antero Midstream Corp (AM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
