Some Investing Thoughts On Antero Midstream Corp (NYSE: AM)

Antero Midstream Corp (AM) concluded trading on Thursday at a closing price of $16.33, with 3.51 million shares of worth about $57.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.16% during that period and on January 16, 2025 the price saw a gain of about 0.99%. Currently the company’s common shares owned by public are about 481.30M shares, out of which, 336.53M shares are available for trading.

Stock saw a price change of 4.41% in past 5 days and over the past one month there was a price change of 8.07%. Year-to-date (YTD), AM shares are showing a performance of 8.22% which increased to 32.87% 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 $16.35 during that period. The average intraday trading volume for Antero Midstream Corp shares is 2.67 million. The stock is currently trading 6.40% above its 20-day simple moving average (SMA20), while that difference is up 6.49% for SMA50 and it goes to 10.56% higher than SMA200.

Antero Midstream Corp (NYSE: AM) currently have 481.30M outstanding shares and institutions hold larger chunk of about 55.67% of that.

The stock has a current market capitalization of $7.86B and its 3Y-monthly beta is at 2.19. PE ratio of stock for trailing 12 months is 20.31, while it has posted earnings per share of $0.80 in the same period. Its PEG reads 2.90 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 2.16% while standing at 2.11% over the month.

Stock’s fiscal year EPS is expected to rise by 7.12% while it is estimated to increase by 16.56% 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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