Antero Midstream Corp (NYSE: AM) – Not A Clear Buying Opportunity?

Antero Midstream Corp (AM) concluded trading on Wednesday at a closing price of $15.43, with 3.97 million shares of worth about $61.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.18% during that period and on November 20, 2024 the price saw a loss of about -0.52%. Currently the company’s common shares owned by public are about 479.71M shares, out of which, 336.48M shares are available for trading.

Stock saw a price change of 2.59% in past 5 days and over the past one month there was a price change of 1.58%. Year-to-date (YTD), AM shares are showing a performance of 23.14% which increased to 18.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.58 but also hit the highest price of $15.87 during that period. The average intraday trading volume for Antero Midstream Corp shares is 2.71 million. The stock is currently trading 2.44% above its 20-day simple moving average (SMA20), while that difference is up 1.93% for SMA50 and it goes to 7.42% higher than SMA200.

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Antero Midstream Corp (NYSE: AM) currently have 479.71M outstanding shares and institutions hold larger chunk of about 55.80% of that.

The stock has a current market capitalization of $7.43B and its 3Y-monthly beta is at 2.29. PE ratio of stock for trailing 12 months is 19.19, while it has posted earnings per share of $0.80 in the same period. Its PEG reads 2.74 and has Quick Ratio of 1.09 while making debt-to-equity ratio of 1.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AM, volatility over the week remained 1.56% while standing at 1.93% over the month.

Stock’s fiscal year EPS is expected to rise by 7.46% while it is estimated to increase by 20.73% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 18.48% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Tudor Pickering Holt & Co. on March 12, 2024 offering a Hold rating for the stock and assigned a target price range of between $12 and $13 to it. Coverage by Goldman stated Antero Midstream Corp (AM) stock as a Neutral in their note to investors on October 06, 2023, suggesting a price target of $12.50 for the stock. On October 03, 2023, Pickering Energy Partners Initiated their recommendations, while on May 10, 2023, UBS Initiated their ratings for the stock with a price target of $14. Stock get an Overweight rating from Wells Fargo on April 28, 2022.

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