Antero Midstream Corp (AM) is ready for next Episode as it posted an annual sales of 919,990 K

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Antero Midstream Corp (NYSE: AM) kicked off on Friday, up 11.85% from the previous trading day, before settling in for the closing price of $13.21. Over the past 52 weeks, AM has traded in a range of $9.56-$13.46.

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A company in the Energy sector has jumped its sales by 4.08% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 12.19%. With a float of $336.39 million, this company’s outstanding shares have now reached $478.50 million.

In an organization with Jan 23 2024 employees, it is important to assess its efficiency.

Antero Midstream Corp (AM) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. The insider ownership of Antero Midstream Corp is 29.87%, while institutional ownership is 55.03%. The most recent insider transaction that took place on Aug 22, was worth 71,892. In this transaction Director of this company bought 6,011 shares at a rate of $11.96, taking the stock ownership to the 54,093 shares. Before that another transaction happened on Aug 09, when Company’s insider sold 16,600 for $12.05, making the entire transaction worth $200,030. This insider now owns 138,667 shares in total.

Antero Midstream Corp (AM) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.2 earnings per share (EPS), lower than consensus estimate (set at $0.21) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 12.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.50% during the next five years compared to 122.27% growth over the previous five years of trading.

Antero Midstream Corp (NYSE: AM) Trading Performance Indicators

Take a look at Antero Midstream Corp’s (AM) current performance indicators. Last quarter, stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.20. Likewise, its price to free cash flow for the trailing twelve months is 17.23.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.73, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.92 in one year’s time.

Technical Analysis of Antero Midstream Corp (AM)

Let’s dig in a bit further. During the last 5-days, its volume was 1.98 million. That was inferior than the volume of 2.46 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.05%. Additionally, its Average True Range was 0.21.

During the past 100 days, Antero Midstream Corp’s (AM) raw stochastic average was set at 17.79%, which indicates a significant increase from 9.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.58% in the past 14 days, which was lower than the 19.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.47, while its 200-day Moving Average is $11.87. However, in the short run, Antero Midstream Corp’s stock first resistance to watch stands at $11.96. Second resistance stands at $12.07. The third major resistance level sits at $12.14. If the price goes on to break the first support level at $11.79, it is likely to go to the next support level at $11.72. Assuming the price breaks the second support level, the third support level stands at $11.61.

Antero Midstream Corp (NYSE: AM) Key Stats

The company with the Market Capitalisation of 5.68 billion has total of 479,713K Shares Outstanding. Its annual sales at the moment are 919,990 K in contrast with the sum of 326,240 K annual income. Company’s last quarter sales were recorded 263,840 K and last quarter income was 97,820 K.