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Check out this: Antero Midstream Corporation (AM) could be on the verge of a big rally

Antero Midstream Corporation (NYSE: AM) is 4.63% higher on its value in year-to-date trading and has touched a low of $8.56 and a high of $11.61 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AM stock was last observed hovering at around $11.21 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $11.00 for the next 12 months. It is also 13.15% off the consensus price target high of $13.00 offered by 10 analysts, but current levels are -12.9% lower than the price target low of $10.00 for the same period.

Currently trading at $11.29, the stock is 2.68% and 3.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing 0.71% at the moment leaves the stock 9.27% off its SMA200. AM registered 12.34% gain for a year compared to 6-month gain of 16.99%.

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The stock witnessed a 7.42% loss in the last 1 month and extending the period to 3 months gives it a 11.12%, and is -0.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.25% over the week and 2.44% over the month.

Antero Midstream Corporation (AM) has around 519 employees, a market worth around $5.40B and $894.90M in sales. Current P/E ratio is 16.88 and Fwd P/E is 13.92. Profit margin for the company is 35.90%. Distance from 52-week low is 31.89% and -2.76% from its 52-week high. The company has generated returns on investments over the last 12 months (7.70%).

Antero Midstream Corporation (AM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Antero Midstream Corporation (AM) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 3.30, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

Antero Midstream Corporation is expected to release its quarterly report on 04/26/2023.The EPS is expected to grow by 368.20% this year.

Antero Midstream Corporation (AM) Top Institutional Holders

The shares outstanding are 478.46M, and float is at 321.50M with Short Float at 3.17%.

Antero Midstream Corporation (AM) Insider Activity

A total of 6 insider transactions have happened at Antero Midstream Corporation (AM) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider sale by Keenan W Howard JR,the company’sDirector. SEC filings show that Keenan W Howard JR sold 242,868 shares of the company’s common stock on May 25 at a price of $10.49 per share for a total of $2.55 million. Following the sale, the insider now owns 0.0 shares.

Antero Midstream Corporation disclosed in a document filed with the SEC on May 24 that Keenan W Howard JR (Director) sold a total of 299,019 shares of the company’s common stock. The trade occurred on May 24 and was made at $10.23 per share for $3.06 million. Following the transaction, the insider now directly holds 95501.0 shares of the AM stock.

Still, SEC filings show that on May 23, Keenan W Howard JR (Director) disposed off 250,996 shares at an average price of $10.31 for $2.59 million. The insider now directly holds 213,081 shares of Antero Midstream Corporation (AM).

Antero Midstream Corporation (AM): Who are the competitors?

The company’s main competitors (and peers) include Enterprise Products Partners L.P. (EPD) that is trading 8.57% up over the past 12 months and Kinder Morgan Inc. (KMI) that is 7.63% higher over the same period. Energy Transfer LP (ET) is 36.52% up on the 1-year trading charts.

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