Antero Midstream Corp (NYSE: AM): Reassessing Prospects

Antero Midstream Corp (AM) concluded trading on Thursday at a closing price of $14.53, with 4.82 million shares of worth about $70.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.55% during that period and on December 19, 2024 the price saw a gain of about 2.18%. Currently the company’s common shares owned by public are about 481.30M shares, out of which, 336.50M shares are available for trading.

Stock saw a price change of -3.52% in past 5 days and over the past one month there was a price change of -6.32%. Year-to-date (YTD), AM shares are showing a performance of 15.96% which increased to 14.95% 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 $16.00 during that period. The average intraday trading volume for Antero Midstream Corp shares is 2.89 million. The stock is currently trading -4.91% below its 20-day simple moving average (SMA20), while that difference is down -4.34% for SMA50 and it goes to -0.61% lower than SMA200.

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Antero Midstream Corp (NYSE: AM) currently have 481.30M outstanding shares and institutions hold larger chunk of about 55.70% of that.

The stock has a current market capitalization of $6.99B and its 3Y-monthly beta is at 2.23. PE ratio of stock for trailing 12 months is 18.07, while it has posted earnings per share of $0.80 in the same period. Its PEG reads 2.58 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 2.10% while standing at 2.00% over the month.

Stock’s fiscal year EPS is expected to rise by 7.44% while it is estimated to increase by 16.66% 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 Wells Fargo on December 18, 2024 offering an Equal weight rating for the stock and assigned a target price of $16 to it. Coverage by Tudor Pickering Holt & Co. stated Antero Midstream Corp (AM) stock as a Hold in their note to investors on March 12, 2024, suggesting a price target of $13 for the stock. Stock get a Buy rating from UBS on May 10, 2023.

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