Antero Midstream Corporation [AM] Is Currently 5.30 below its 200 Period Moving Avg: What Does This Mean?
Antero Midstream Company [NYSE: AM] It traded at the highest level on 09/28/22, posting a gain of $5.30 and after that it closed the day’s session at $9.33. Company report on September 12, 2022 Antero Midstream agrees to acquire the bolt assembly and compression system.
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Antero Midstream Corporation (NYSE: AM) (“Antero Midstream” or the “Company”) announced today that it has entered into a definitive agreement to acquire Marcellus Shale’s gas capture and compression assets from Crestwood Equity Partners LP (NYSE: CEQP) for $205 million in cash. Subject to the usual modifications. The transaction is expected to close in the fourth quarter of 2022 and is subject to customary regulatory approvals.
Paul Raddy, Chairman and CEO, said: “Today’s rapid acquisition provides significant synergies that drive attractive economics and the accumulation of immediate free cash flow for Antero Midstream. The acquisition is in line with Antero Midstream’s infrastructure investment strategy at Marcellus, a lower cost to play rock, For high-vision clients, in particular Antero Resources. Most importantly, the assets include unused ability to pool and leverage to develop capital efficiency from both Antero Resources and other third parties.”
The results of the trading session contributed to the trading of more than 3,465,326 shares. Over the past week, Antero Midstream Corporation’s price volatility was at 4.66% while volatility over the past month was at 3.36%.
AM’s stock has a market capitalization of $4.76 billion, with 478.32 million shares outstanding and 321.47 million shares in current float. Compared to an average trading volume of 3.49 million shares, AM had a trading volume of 3,465,326 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Antero Midstream Corporation [AM]?
Based on accurate and fact-backed analyzes by Wall Street experts, the current consensus on the AM stock’s price target is $10.57 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on AM stock is a set recommendation at 3.30. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Wells Fargo made an estimate for Antero Midstream Corporation stock, keeping their opinion of the stock as Overweight, with their previous recommendation back on April 28, 2022. While these analysts held the previous recommendation, Barclays lowered their target price from $11 to $10. The new price target note was released on March 02, 2022, which is the official target price for Antero Midstream Corporation stock. Previously, the price target had another boost to $8, while Tudor Pickering analysts maintained a sell rating on AM stock.
The Average True Range (ATR) for Antero Midstream Corporation is set at 0.35, with the price-to-sales ratio for AM stock in the past twelve months at 5.36. The price-to-book ratio for the last quarter was 2.00. AM’s free cash flow rate for the past 12 months was 6.64 with a Q4 quick ratio of 0.60.
How has AM stock been performing lately?
Antero Midstream Company [AM] It fell into the red at the end of last week, fell in a negative direction and fell by -6.23. With this latest performance, AM shares are down -11.56% over the past four-week period, and have also fallen -16.25% over the past six months – not to mention a -11.14% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the AM stock over the past two week period was set at 41.05, with the RSI for the last one trading at 40.30, and the three-week RSI set at 42.63 for Antero Midstream Corporation [AM]. The current moving average for the last 50 trading days for this stock is 10.01 while it recorded at 9.16 for the last trading week, and 10.10 for the last 200 days.
Antero Midstream Company [AM]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, Antero Midstream Corporation [AM] The stock currently has an operating margin of +58.21 and a gross margin of +65.21. Antero Midstream Corporation’s net margin is currently at +34.23.
The return on equity for this stock rose to 14.10, with the return on assets remaining at 5.89.
The liquidity data for Antero Midstream Corporation is also interesting, with the quick ratio at 0.60 and the current ratio at 0.60.
Profit Analysis of Antero Midstream Corporation [AM]
The company’s progress can be seen through the prism of EPS growth, while Wall Street analysts focus on forecasting a 5-year EPS growth rate for AM. When it comes to the stated value, analysts expect Antero Midstream Corporation’s 5-year EPS growth rate to rise to 6.20%.
Commercial Parking Inside for Antero Midstream Corporation [AM]
There are currently approximately $2,381 million, or 53.60% of AM stock, in the hands of institutional investors. The three largest AM shareholders are: BLACKROCK INC. With 33,669,077 ownership, which represents approximately 2.284% of the company’s market capitalization and approximately 1.10% of the total institutional ownership; INVESCO LTD. , which owns 3,281,811 shares of stock with an approximate value of $306.19 million in AM stock; and VANGUARD GROUP INC, currently with $296.63 million in AM shares with ownership of approximately 1.524% of the company’s market capitalization.
Positions in Antero Midstream Corporation stock held by institutional investors increased at the end of July and at the time of the July report, as 185 institutional owners consolidated their positions in Antero Midstream Corporation [NYSE:AM] About 19026786 shares. In addition, 125 investors decreased their positions by 20,296,690 shares, while 52 investors took positions by about 215,839,821 shares. The said changes put institutional holdings at 255,163,297 shares, according to the latest report from the Securities and Exchange Commission. AM 50 new institutional investors invested a total of 3,038,065 shares, while 31 institutional investors sold positions worth 4,985,932 shares during the same period.