The price of Antero Midstream Corporation (NYSE:AM) shares last traded on Wall Street fell -2.49% to $11.73.
Based on available information, 8 analysts follow Antero Midstream Corporation (NYSE:AM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $12.00, we find $12.50. Given the previous closing price of $12.03, this indicates a potential upside of 3.91 percent. AM stock price is now 6.04% away from the 50-day moving average and 9.44% away from the 200-day moving average. The market capitalization of the company currently stands at $5.63B.
Among analysts, 3 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $12.83 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).
In other news, Pearce Sheri, insider sold 19,600 shares of the company’s stock on Jun 01. The stock was sold for $200,900 at an average price of $10.25. Upon completion of the transaction, the insider now directly owns 155,267 shares in the company, valued at $1.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Kennedy Michael N. sold 300,000 shares of the business’s stock. A total of $3,141,000 was realized by selling the stock at an average price of $10.47. This leaves the insider owning 1,060,730 shares of the company worth $12.44 million. Insiders disposed of 687,437 shares of company stock worth roughly $8.06 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 $40,493,000. HITE HEDGE ASSET MANAGEMENT LLC invested $9,755,000 in shares of AM during the first quarter. In the first quarter, EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in Antero Midstream Corporation valued at approximately $7,670,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in AM for approximately $3,541,000. AVENTAIL CAPITAL GROUP, LP purchased a new stake in AM valued at around $2,461,000 in the second quarter. In total, there are 426 active investors with 53.90% ownership of the company’s stock.
A candlestick chart of Antero Midstream Corporation (NYSE: AM) showed a price of $11.75 on Tuesday morning. During the past 12 months, Antero Midstream Corporation has had a low of $8.80 and a high of $12.13. 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 $8.75B, which is based on a 16.98 price-to-earnings ratio, a 1.62 price-to-earnings-growth ratio, and a beta of 2.23. The fifty day moving average price for AM is $11.06 and a two-hundred day moving average price translates $10.72 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 $268.63M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/09/2023. Investors who held shares on 07/26/2023 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 7.67% percent yield. There was an ex-dividend date of 07/25/2023 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.
