A major move is in the offing as Antero Midstream Corp (AM) market cap hits 7.24 billion

On Tuesday, Antero Midstream Corp (NYSE: AM) was 1.14% up from the session before settling in for the closing price of $14.88. A 52-week range for AM has been $11.50 – $15.21.

During the last 5-year period, the sales growth of Energy Sector giant was 5.72%. When this article was written, the company’s average yearly earnings per share was at 9.81%. With a float of $336.52 million, this company’s outstanding shares have now reached $479.71 million.

Let’s determine the extent of company efficiency that accounts for 604 employees. In terms of profitability, gross margin is 62.91%, operating margin of 55.85%, and the pretax margin is 45.53%.

Antero Midstream Corp (AM) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Antero Midstream Corp stocks. The insider ownership of Antero Midstream Corp is 30.08%, while institutional ownership is 55.03%. The most recent insider transaction that took place on Aug 21 ’24, was worth 343,128. In this transaction an insider of this company sold 23,518 shares at a rate of $14.59, taking the stock ownership to the 130,349 shares. Before that another transaction happened on Mar 13 ’24, when Company’s See Remarks sold 16,394 for $13.67, making the entire transaction worth $224,106. This insider now owns 170,266 shares in total.

Antero Midstream Corp (AM) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 9.81% 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 18.48% growth over the previous five years of trading.

Antero Midstream Corp (NYSE: AM) Trading Performance Indicators

You can see what Antero Midstream Corp (AM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.33. Likewise, its price to free cash flow for the trailing twelve months is 10.98.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.80, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.01 in one year’s time.

Technical Analysis of Antero Midstream Corp (AM)

Looking closely at Antero Midstream Corp (NYSE: AM), its last 5-days average volume was 1.53 million, which is a drop from its year-to-date volume of 2.59 million. As of the previous 9 days, the stock’s Stochastic %D was 92.70%. Additionally, its Average True Range was 0.27.

During the past 100 days, Antero Midstream Corp’s (AM) raw stochastic average was set at 92.34%, which indicates a significant decrease from 94.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.37% in the past 14 days, which was lower than the 19.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.48, while its 200-day Moving Average is $13.75. However, in the short run, Antero Midstream Corp’s stock first resistance to watch stands at $15.12. Second resistance stands at $15.18. The third major resistance level sits at $15.26. If the price goes on to break the first support level at $14.97, it is likely to go to the next support level at $14.89. Should the price break the second support level, the third support level stands at $14.83.

Antero Midstream Corp (NYSE: AM) Key Stats

There are 481,241K outstanding shares of the company, which has a market capitalization of 7.24 billion. As of now, sales total 1,042 M while income totals 371,790 K. Its latest quarter income was 269,800 K while its last quarter net income were 86,040 K.