In yesterday’s Wall Street session, Antero Midstream Corporation (NYSE:AM) shares traded at $10.40, down -1.23% from the previous session.
9 analysts cover Antero Midstream Corporation (NYSE:AM), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $11.00, we find $12.00. Given the previous closing price of $10.53, this indicates a potential upside of 13.96 percent. AM stock price is now 0.55% away from the 50-day moving average and -0.57% away from the 200-day moving average. The market capitalization of the company currently stands at $4.99B.
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The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $12.14 as their price target over the next twelve months.
With the price target of $14, UBS recently initiated with Buy rating for Antero Midstream Corporation (NYSE: AM). On April 28, 2022, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $12 to quote $13, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, Kennedy Michael N., insider sold 300,000 shares of the company’s stock on May 05. The stock was sold for $3,141,000 at an average price of $10.47. Upon completion of the transaction, the insider now directly owns 1,060,730 shares in the company, valued at $11.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director KEYTE DAVID H bought 10,000 shares of the business’s stock. A total of $100,100 was incurred on buying the stock at an average price of $10.01. This leaves the insider owning 79,373 shares of the company worth $0.83 million. Insiders disposed of 2,112,652 shares of company stock worth roughly $21.97 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 WESTWOOD HOLDINGS GROUP INC during the first quarter worth $35,901,000. HITE HEDGE ASSET MANAGEMENT LLC invested $8,649,000 in shares of AM during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Antero Midstream Corporation valued at approximately $3,139,000. AVENTAIL CAPITAL GROUP, LP acquired a new stake in AM for approximately $2,182,000. MACKENZIE FINANCIAL CORP purchased a new stake in AM valued at around $1,700,000 in the second quarter. In total, there are 426 active investors with 53.90% ownership of the company’s stock.
On Tuesday morning Antero Midstream Corporation (NYSE: AM) stock kicked off with the opening price of $10.49. 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 1.53, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $8.07B, which is based on a 15.05 price-to-earnings ratio, a 1.43 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for AM is $10.34 and a two-hundred day moving average price translates $10.46 for the stock.
The latest earnings results from Antero Midstream Corporation (NYSE: AM) was released for Mar, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.2 by -0.02. This compares to $0.17 EPS in the same period last year. The net profit margin was 34.60% and return on equity was 15.10% for AM. The company reported revenue of $259.48 million for the quarter, compared to $218.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.76 percent. For the current quarter, analysts expect AM to generate $264.03M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/10/2023. Investors who held shares on 04/26/2023 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 8.65% percent yield. There was an ex-dividend date of 04/25/2023 for this dividend. In terms of dividend payout ratio, AM is presently at 129.60%.
Antero Midstream Corporation(AM) Company Profile
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. 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 from sources, including the Ohio River, local reservoirs, and various regional waterways; uses water handling systems to transport flowback and produced water; and offers pumping stations, water storage, and blending facilities. The company was incorporated in 2013 and is headquartered in Denver, Colorado.
