The stock of Antero Midstream Corp (NYSE:AM) last traded at $12.36, up 1.64% from the previous session.
Data from the available sources indicates that Antero Midstream Corp (NYSE:AM) is covered by 9 analysts. 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 $12.00, we find $13.00. Given the previous closing price of $12.16, this indicates a potential upside of 6.91 percent. AM stock price is now 2.95% away from the 50-day moving average and 10.85% away from the 200-day moving average. The market capitalization of the company currently stands at $5.93B.
In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $13.07 as their price target over the next twelve months.
In other news, MCARDLE JANINE J, Director bought 6,011 shares of the company’s stock on Aug 22. The stock was bought for $71,892 at an average price of $11.96. Upon completion of the transaction, the Director now directly owns 54,093 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, Pearce Sheri sold 16,600 shares of the business’s stock. A total of $200,030 was realized by selling the stock at an average price of $12.05. This leaves the insider owning 138,667 shares of the company worth $1.71 million. Insiders disposed of 709,037 shares of company stock worth roughly $8.76 million over the past 1 year. A total of 29.87% 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 Corp shares was purchased by WESTWOOD HOLDINGS GROUP INC during the first quarter worth $42,667,000. KAYNE ANDERSON CAPITAL ADVISORS LP invested $27,419,000 in shares of AM during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Antero Midstream Corp valued at approximately $4,417,000. DUALITY ADVISERS, LP acquired a new stake in AM for approximately $1,074,000. SQUAREPOINT OPS LLC purchased a new stake in AM valued at around $1,017,000 in the second quarter. In total, there are 443 active investors with 53.15% ownership of the company’s stock.
With an opening price of $12.29 on Thursday morning, Antero Midstream Corp (NYSE: AM) set off the trading day. During the past 12 months, Antero Midstream Corp has had a low of $9.56 and a high of $12.75. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 0.86, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $9.05B, which is based on a 16.84 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for AM is $12.02 and a two-hundred day moving average price translates $11.16 for the stock.
The latest earnings results from Antero Midstream Corp (NYSE: AM) was released for Sep, 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 32.33% and return on equity was 16.23% for AM. The company reported revenue of $263.84 million for the quarter, compared to $231.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.2 percent. For the current quarter, analysts expect AM to generate $261.07M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/08/2023. Investors who held shares on 10/25/2023 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 7.29% percent yield. There was an ex-dividend date of 10/24/2023 for this dividend. In terms of dividend payout ratio, AM is presently at 132.72%.
Antero Midstream Corp(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.
