Antero Midstream Corp [AM] stock prices are up 0.37% to $13.58 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AM shares have gain 3.11% over the last week, with a monthly amount glided 10.95%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, Antero Midstream Announces Fourth Quarter 2023 Results, 2024 Guidance and $500 Million Share Repurchase Program. In a post published today on Yahoo Finance, Antero Midstream Corporation (NYSE: AM) (“Antero Midstream” or the “Company”) today announced its fourth quarter 2023 financial and operating results and 2024 guidance. In addition, Antero Midstream announced the authorization of a $500 million share repurchase program. The relevant consolidated financial statements are included in Antero Midstream’s Annual Report on Form 10-K for the year ended December 31, 2023.
From an analyst’s perspective:
On May 10, 2023, UBS initiated with a Buy rating and assigned a price target of $14 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $13 on April 28, 2022. Barclays downgraded its rating to a Underweight and reduced its price target to $10 on March 02, 2022. Tudor Pickering downgraded its rating to Sell for this stock on May 26, 2021, but kept the price target unchanged to $8. In a note dated March 12, 2021, Goldman downgraded an Sell rating on this stock but restated the target price of $7.50.
The stock price of Antero Midstream Corp [AM] has been fluctuating between $9.56 and $13.71 over the past year. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Antero Midstream Corp [NYSE: AM] shares were valued at $13.58 at the most recent close of the market. An investor can expect a potential drop of -7.95% based on the average AM price forecast.
Analyzing the AM fundamentals
The Antero Midstream Corp [NYSE:AM] reported sales of 1.11B for trailing twelve months, representing a surge of 7.18%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.51 points at the first support level, and at 13.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.67, and for the 2nd resistance point, it is at 13.76.
Antero Midstream Corp [AM] reported earnings per share of $0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.2 per share as compared to estimates of $0.21 per share, a difference of -$0.01 representing a surprise of -4.80%.
Ratios To Look Out For
It’s worth pointing out that Antero Midstream Corp [NYSE:AM]’s Current Ratio is 0.95. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 5.86, the price to book ratio is 3.03 and price to earnings (TTM) ratio is 17.65.
Transactions by insiders
Recent insider trading involved MCARDLE JANINE J, Director, that happened on Aug 22 when 6011.0 shares were purchased., Pearce Sheri completed a deal on Aug 09 to sell 16600.0 shares. Meanwhile, Director KLIMLEY BROOKS J sold 5000.0 shares on Aug 09.
