Antero Midstream Corp (NYSE:AM) shares, rose in value, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $13.36.
Actively observing the price movement in the last trading, the stock closed the session at $13.39. The value of beta (5-year monthly) was 2.13 whereas the PE ratio was 17.36 over 12-month period. Referring to stock’s 52-week performance, its high was $13.81, and the low was $9.56. On the whole, AM has fluctuated by 14.19% over the past month.
With the market capitalization of Antero Midstream Corp currently standing at about $6.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 6.74%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.23, which is expected to increase to $0.28 for fiscal year $0.95 and then to about $1.02 by fiscal year 2025. Data indicates that the EPS growth is expected to be 23.40% in 2025, while the next year’s EPS growth is forecast to be 7.40%.
Analysts have estimated the company’s revenue for the quarter at $269.06 million, with a low estimate of $263.94 million and a high estimate of $275.04 million. According to the average forecast, sales growth in current quarter could jump up 3.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.1 billion, representing an increase of 5.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.65, with the price of AM currently trading nearly 0.91% and 6.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.20, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 1.96%. Furthermore, Antero Midstream Corp (AM)’s beta value is 2.13, and its average true range (ATR) is 0.25.
A comparison of Antero Midstream Corp (AM) with its peers suggests the former has fared considerably weaker in the market. AM showed an intraday change of -0.22% in last session, and over the past year, it grew by 34.27%%.
Data on historical trading for Antero Midstream Corp (NYSE:AM) indicates that the trading volumes over the past 10 days have averaged 2.51 million and over the past 3 months, they’ve averaged 2.72 million. According to company’s latest data on outstanding shares, there are 479.71 million shares outstanding.
Nearly 30.25% of Antero Midstream Corp’s shares belong to company insiders and institutional investors own 54.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.24 million shares as on Feb 29, 2024, resulting in a short ratio of 4.06. According to the data, the short interest in Antero Midstream Corp (AM) stood at 2.76% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 13.7 million. The stock has risen by 6.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AM stock heading into the next quarter.
