Stocks of Antero Midstream Corp (NYSE:AM) traded higher last session on Wall Street, down -0.12% to $16.92.
AM stock price is now 4.37% away from the 50-day moving average and 11.45% away from the 200-day moving average. The market capitalization of the company currently stands at $8.10B.
With the price target maintained at $16, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for Antero Midstream Corp (NYSE: AM). On March 12, 2024, Tudor Pickering Holt & Co. Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock increasing its target price from $12 to quote $13, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, MCARDLE JANINE J, Director bought 1,174 shares of the company’s stock on Dec 13 ’24. The stock was bought for $17,739 at an average price of $15.11. Upon completion of the transaction, the Director now directly owns 68,320 shares in the company, valued at $1.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director KLIMLEY BROOKS J sold 10,000 shares of the business’s stock. A total of $146,600 was realized by selling the stock at an average price of $14.66. This leaves the insider owning 74,100 shares of the company worth $1.25 million. A total of 30.16% of the company’s stock is owned by insiders.
During the past 12 months, Antero Midstream Corp has had a low of $13.12 and a high of $17.19. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 1.17, and a quick ratio of 1.17. The fifty day moving average price for AM is $16.2112 and a two-hundred day moving average price translates $15.18215 for the stock.
The latest earnings results from Antero Midstream Corp (NYSE: AM) was released for 2024-12-31. The net profit margin was 34.02% and return on equity was 18.79% for AM. The company reported revenue of $287.48 million for the quarter, compared to $260.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.5 percent.
