Antero Midstream Corp (NYSE: AM) is 14.76% higher on its value in year-to-date trading and has touched a low of $11.58 and a high of $15.87 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 $14.37 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $14.38, the stock is -5.06% and -3.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 0.07% at the moment leaves the stock 1.49% off its SMA200. AM registered 13.77% gain for a year compared to 6-month gain of 1.63%. The firm has a 50-day simple moving average (SMA 50) of $14.9618 and a 200-day simple moving average (SMA200) of $14.169.
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The stock witnessed a -8.17% loss in the last 1 month and extending the period to 3 months gives it a 7.39%, and is -4.20% 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 1.88% over the week and 1.62% over the month.
Antero Midstream Corp (AM) has around 604 employees, a market worth around $6.93B and $1.15B in sales. Current P/E ratio is 17.89 and Fwd P/E is 14.35. Profit margin for the company is 33.89%. Distance from 52-week low is 24.18% and -9.39% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
with sales reaching $272.07M over the same period.The EPS is expected to grow by 8.05% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 4.60% in year-over-year returns.
Antero Midstream Corp (AM) Top Institutional Holders
534.0 institutions hold shares in Antero Midstream Corp (AM), with institutional investors hold 79.71% of the company’s shares. The shares outstanding are 479.71M, and float is at 336.55M with Short Float at 3.75%. Institutions hold 55.76% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 38.86 million shares valued at $572.76 million. The investor’s holdings represent 8.097% of the AM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 35.61 million shares valued at $524.94 million to account for 7.4211 of the shares outstanding. The other top investors are INVESCO LTD. which holds 31.74 million shares representing 6.6149% and valued at over $467.92 million, while STATE STREET CORP holds 2.2768 of the shares totaling 10.93 million with a market value of $161.05 million.
Antero Midstream Corp (AM) Insider Activity
The most recent transaction is an insider sale by Pearce Sheri. SEC filings show that Pearce Sheri sold 23,518 shares of the company’s common stock on Aug 21 ’24 at a price of $14.59 per share for a total of $0.34 million. Following the sale, the insider now owns 0.13 million shares.
Antero Midstream Corp disclosed in a document filed with the SEC on Mar 13 ’24 that Pearce Sherisold a total of 16,394 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $13.67 per share for $0.22 million. Following the transaction, the insider now directly holds 0.17 million shares of the AM stock.
