Antero Midstream Corp (NYSE:AM) does about 2.75M shares in volume on a normal day but saw 2125438 shares change hands in Friday trading. The company now has a market cap of 6.67B USD. Its current market price is $13.91, marking a decrease of -0.86% compared to the previous close of $14.03. The 52 week high reached by this stock is $14.52 whilst the lowest price level in 52 weeks is $9.69.
Antero Midstream Corp (AM) has a 20-day trading average at $13.98 and the current price is -4.20% off the 52-week high compared with 43.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.28 and its 200-day simple moving average is $12.48. If we look at the stock’s price movements over the week, volatility stands at 1.61%, which decreases to 1.60% 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 53.22 to suggest the stock is neutral.
The consensus objective for the share price is $13.86, suggesting that the stock has a potential downside of -0.36% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2024 when Tudor Pickering Holt & Co. downgraded the stock to “Hold” and issued a price target of between $12 and $13.
Antero Midstream Corp (AM) stock is down -2.66% over the week and 1.83% over the past month. Its price is 11.01% year-to-date and 32.22% over the past year.
AM’s earnings per share are forecast to grow by 22.10% this year and 7.40% over next year. Expected sales for next quarter are $267.25 million, which analysts say will come at $1.09 billion for the current fiscal year and next year at $1.13 billion. In addition, estimates put the company’s current quarterly revenue at an average of $271.01 million.
To reach the target analysts have set, the stock logically needs to shrink -0.36 percent from here.
The company has a return on investment of 6.92% and return on equity of 17.12%. The price to earnings ratio (P/E ratio) amounts to 18.08 while the forward price to earnings ratio is 14.27. The beta has a value of 2.15. Price to book ratio is 3.10 and price to sales ratio is 6.00.
