The trading price of Antero Midstream Corp (NYSE:AM) closed lower on Tuesday,March 12, closing at $13.63, -0.37% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 17.71, while its 5Y monthly beta was 2.13. In examining the 52-week price action we see that the stock hit a 52-week high of $13.72 and a 52-week low of $9.56. Over the past month, the stock has gained 15.02% in value.
Antero Midstream Corp, whose market valuation is $6.54 billion at the time of this writing, is expected to release its quarterly earnings report Apr 24, 2024 – Apr 29, 2024. The dividend yield on the company stock is 6.60%, while its Forward Dividend ratio is 0.90. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.23 per share this quarter, however they have predicted annual earnings per share of $0.95 for 2024 and $1.02 for 2025. It means analysts are expecting annual earnings per share growth of 23.40% this year and 7.40% next year.
Analysts have forecast the company to bring in revenue of $269.06 million for the current quarter, with the likely lows of $263.94 million and highs of $275.04 million. The average estimate suggests sales will likely up by 3.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.1 billion. The company’s revenue is forecast to grow by 5.20% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Antero Midstream Corp No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.69, which symbolizes a positive outlook. A quick review shows that AM’s price is currently 5.07% off the SMA20 and 8.69% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.45, and weekly volatility stands at 1.72%. When measured over the past 30 days, the indicator reaches 1.95%. Antero Midstream Corp (NYSE:AM)’s beta value is currently sitting at 2.13, while the Average True Range indicator is currently displaying 0.24.
To see how Antero Midstream Corp stock has been performing in comparison to its peers in the industry, here are the numbers: AM stock’s performance was -0.37% in the latest trading, and 35.08% in the past year. Antero Midstream Corp has a P/E ratio of 17.71.
An evaluation of the daily trading volume of Antero Midstream Corp (NYSE:AM) indicates that the 3-month average is 2.71 million. However, this figure has increased over the past 10 days to an average of 2.53 million.
Currently, records show that 479.71 million of the company’s shares remain outstanding. The insiders hold 29.88% of outstanding shares, whereas institutions hold 54.28%. The stats also highlight that short interest as of Feb 29, 2024, stood at 13.24 million shares, resulting in a short ratio of 4.06 at that time. From this, we can conclude that short interest is 2.76% of the company’s total outstanding shares. It is noteworthy that short shares in February were down slightly from the previous month’s figure, which was 13.7 million. However, since the stock’s price has seen 8.78% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
