In yesterday’s Wall Street session, Antero Midstream Corp (NYSE:AM) shares traded at $14.36, up 0.70% from the previous session.
AM stock price is now 3.59% away from the 50-day moving average and 13.16% away from the 200-day moving average. The market capitalization of the company currently stands at $6.91B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $12 to $13, Tudor Pickering Holt & Co. Downgraded its rating from Buy to Hold for Antero Midstream Corp (NYSE: AM). , while ‘Pickering Energy Partners’ rates the stock as ‘Outperform’
In other news, Pearce Sheri, insider sold 16,394 shares of the company’s stock on Mar 13 ’24. The stock was sold for $224,106 at an average price of $13.67. Upon completion of the transaction, the insider now directly owns 170,266 shares in the company, valued at $2.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’23, Director MCARDLE JANINE J bought 6,011 shares of the business’s stock. A total of $71,892 was incurred on buying the stock at an average price of $11.96. This leaves the insider owning 54,093 shares of the company worth $0.78 million. A total of 30.19% of the company’s stock is owned by insiders.
During the past 12 months, Antero Midstream Corp has had a low of $10.09 and a high of $14.52. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 1.25, and a quick ratio of 1.25.
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 $0.18 EPS in the same period last year. The net profit margin was 34.33% and return on equity was 17.99% for AM. The company reported revenue of $279.05 million for the quarter, compared to $259.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.54 percent. For the current quarter, analysts expect AM to generate $274.94M in revenue.
