On Friday, Antero Midstream Corp (NYSE: AM) opened higher 0.07% from the last session, before settling in for the closing price of $14.37. Price fluctuations for AM have ranged from $11.58 to $15.87 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 5.72%. Company’s average yearly earnings per share was noted 8.05% at the time writing. With a float of $336.55 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 62.97%, operating margin of 55.57%, and the pretax margin is 45.6%.
Antero Midstream Corp (AM) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Antero Midstream Corp is 30.08%, while institutional ownership is 55.01%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.21 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.21) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% 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
Check out the current performance indicators for Antero Midstream Corp (AM). In the past quarter, the stock posted a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.03. Likewise, its price to free cash flow for the trailing twelve months is 10.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.80, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.00 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 3.26 million, which is a jump from its year-to-date volume of 2.67 million. As of the previous 9 days, the stock’s Stochastic %D was 29.41%. Additionally, its Average True Range was 0.28.
During the past 100 days, Antero Midstream Corp’s (AM) raw stochastic average was set at 45.82%, which indicates a significant increase from 0.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.38% in the past 14 days, which was higher than the 21.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.96, while its 200-day Moving Average is $14.17. However, in the short run, Antero Midstream Corp’s stock first resistance to watch stands at $14.53. Second resistance stands at $14.68. The third major resistance level sits at $14.75. If the price goes on to break the first support level at $14.31, it is likely to go to the next support level at $14.23. Should the price break the second support level, the third support level stands at $14.08.
Antero Midstream Corp (NYSE: AM) Key Stats
There are currently 481,324K shares outstanding in the company with a market cap of 6.93 billion. Presently, the company’s annual sales total 1,042 M according to its annual income of 371,790 K. Last quarter, the company’s sales amounted to 269,800 K and its income totaled 86,040 K.
