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AM Stock Forecast: All the More Reason to Consider Antero Midstream Corp (AM) Now

Antero Midstream Corp (NYSE: AM) is 16.84% higher on its value in year-to-date trading and has touched a low of $10.68 and a high of $15.10 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 $14.48 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $14.64, the stock is 0.43% and 2.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing 1.10% at the moment leaves the stock 12.82% off its SMA200. AM registered 33.70% gain for a year compared to 6-month gain of 15.18%.

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The stock witnessed a 1.95% loss in the last 1 month and extending the period to 3 months gives it a 7.02%, and is 1.60% up 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 1.49% over the week and 1.41% over the month.

Antero Midstream Corp (AM) has around 604 employees, a market worth around $7.05B and $1.13B in sales. Current P/E ratio is 18.20 and Fwd P/E is 14.69. Profit margin for the company is 34.33%. Distance from 52-week low is 37.08% and -3.05% from its 52-week high. The company has generated returns on investments over the last 12 months (7.30%).

The EPS is expected to grow by 13.89% this year.

Antero Midstream Corp (AM) Top Institutional Holders

The shares outstanding are 479.71M, and float is at 336.03M with Short Float at 4.02%.

Antero Midstream Corp (AM) Insider Activity

The most recent transaction is an insider sale by Pearce Sheri. SEC filings show that Pearce Sheri sold 16,394 shares of the company’s common stock on Mar 13 ’24 at a price of $13.67 per share for a total of $0.22 million. Following the sale, the insider now owns 0.17 million shares.

Antero Midstream Corp disclosed in a document filed with the SEC on Aug 22 ’23 that MCARDLE JANINE J (Director) bought a total of 6,011 shares of the company’s common stock. The trade occurred on Aug 22 ’23 and was made at $11.96 per share for $71892.0. Following the transaction, the insider now directly holds 54093.0 shares of the AM stock.

Still, SEC filings show that on Aug 09 ’23, Pearce Sheri disposed off 16,600 shares at an average price of $12.05 for $0.2 million. The insider now directly holds 138,667 shares of Antero Midstream Corp (AM).

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