Antero Midstream Corporation (NYSE:AM) does about 5.38M shares in volume on a normal day but saw 6012188 shares change hands in Friday trading. The company now has a market cap of 3.33B USD and an enterprise value of about $6.42B. Its current market price is $6.78, marking a decrease of -3.00% compared to the previous close of $6.99. The 52 week high reached by this stock is $8.45 whilst the lowest price level in 52 weeks is $1.69. The script in recent trading has seen the stock touch a high of $7.05 and a low of $6.715.
Antero Midstream Corporation (AM) has a 20-day trading average at $7.03 and the current price is -19.76% off the 52-week high compared with 301.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.19 and its 200-day simple moving average is $5.14. If we look at the stock’s price movements over the week, volatility stands at 3.88%, which increases to 5.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.61 to suggest the stock is neutral.
The consensus objective for the share price is $6.38, suggesting that the stock has a potential downside of -6.27% over the period.
FactSet Research has provided data showing that 9 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 10, 2020 when UBS initiated the stock to “Neutral” and issued a price target of $6. JP Morgan downgraded the stock to “Underweight” from Neutral on April 28, 2020 at a price target of. Robert W. Baird downgraded its price target at $6-$4.
The current price level is -2.84%, 9.88%, and 32.07% away from its SMA20, SMA50, and SMA200 respectively, with the AM price moving below the 50-day SMA on August 28. Antero Midstream Corporation (AM) stock is down -6.22% over the week and 16.30% over the past month. Its price is -10.67% year-to-date and -5.83% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.18 below consensus estimates by -$0.03. AM’s earnings per share are forecast to grow by 67.50% this year and 457.70% over next year. Expected sales for next quarter are $207.59 million, which analysts say will come at $906.53 million for the current fiscal year and next year at $908.31 million. In addition, estimates put the company’s current quarterly revenue at an average of $203.09 million.
To reach the target analysts have set, the stock logically needs to shrink -6.27 percent from here.
Outstanding shares total 476.84M with insiders holding 34.67% of the shares and institutional holders owning 68.27% of the company’s common stock. The company has a return on investment of -4.90% and return on equity of -25.10%. The forward price to earnings ratio is 7.27. Price to book ratio is 1.28 and price to sales ratio is 3.52.
According to a U.S. Securities and Exchange Commission filing, Invesco Oppenheimer SteelPath MLP has reduced its position in Antero Midstream Corporation (AM) to 19,099,166 shares, mirroring a recent drop by -52.93%. Invesco Oppenheimer SteelPath MLP dumped -21.48 million shares of Antero Midstream Corporation common stock bringing its total worth to about $108.29 million at the end of recent close, SEC documents show. Invesco Oppenheimer SteelPath MLP isn’t the only investment manager who changed stakes and is followed by Invesco Oppenheimer SteelPath MLP, which sold off -9.06 million shares to end up with 14,213,036 shares worth $80.59 million. Tortoise MLP & Pipeline Fund cut their holdings by -1.30% in the company over the course of the most recent quarter. It now holds a 2.03% position in Antero Midstream Corporation thanks to 9.66 million shares amounting to $54.79 million.