Stocks of Antero Midstream Corporation (NYSE:AM) traded higher last session on Wall Street, down -1.39% to $10.65.
According to the data, Antero Midstream Corporation (NYSE:AM) has 8 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $11.00. Given the previous closing price of $10.80, this indicates a potential upside of 1.85 percent. AM stock price is now 1.72% away from the 50-day moving average and 3.93% away from the 200-day moving average. The market capitalization of the company currently stands at $5.07B.
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A total of 4 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $11.20 as their price target over the next twelve months.
With the price target enhanced from $12 to $13, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Antero Midstream Corporation (NYSE: AM). On March 02, 2022, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $11 to quote $10, while ‘Tudor Pickering’ rates the stock as ‘Sell’.
In other news, Keenan W Howard JR, Director sold 242,868 shares of the company’s stock on May 25. The stock was sold for $2,547,977 at an average price of $10.49. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Director Keenan W Howard JR sold 299,019 shares of the business’s stock. A total of $3,057,918 was realized by selling the stock at an average price of $10.23. This leaves the insider owning 95,501 shares of the company worth $1.02 million. Insiders disposed of 332,969 shares of company stock worth roughly $3.55 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AM stock. A new stake in Antero Midstream Corporation shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $4,222,000. PHOCAS FINANCIAL CORP. invested $3,218,000 in shares of AM during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Antero Midstream Corporation valued at approximately $2,410,000. BECK CAPITAL MANAGEMENT, LLC acquired a new stake in AM for approximately $1,281,000. PEKIN HARDY STRAUSS, INC. purchased a new stake in AM valued at around $666,000 in the second quarter. In total, there are 432 active investors with 53.90% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $10.81 for Antero Midstream Corporation (NYSE: AM). During the past 12 months, Antero Midstream Corporation has had a low of $8.56 and a high of $11.61. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for AM is $10.47 and a two-hundred day moving average price translates $10.25 for the stock.
The latest earnings results from Antero Midstream Corporation (NYSE: AM) was released for Sep, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.19 by -0.02. This compares to $0.19 EPS in the same period last year. The net profit margin was 35.90% and return on equity was 14.30% for AM. The company reported revenue of $231.03 million for the quarter, compared to $224.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.77 percent. For the current quarter, analysts expect AM to generate $241.71M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/09/2022. Investors who held shares on 10/26/2022 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 8.45% percent yield. There was an ex-dividend date of 10/25/2022 for this dividend. In terms of dividend payout ratio, AM is presently at 133.80%.
Antero Midstream Corporation(AM) Company Profile
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources’ wells in West Virginia and Ohio. The Water Handling segment delivers fresh water; and offers pumping stations, water storage, and blending facilities. The company was incorporated in 2013 and is headquartered in Denver, Colorado.
