Antero Midstream Corp (NYSE: AM): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Antero Midstream Announces Pricing of Upsized $600 Million Offering of Senior Notes.

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Stocks Info

AM belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $12.24 and fluctuated between $12.45 as its day high and $12.23 as its day low. The current market capitalization of Antero Midstream Corp is $5.87B. A total of 2.38 million shares were traded on the day, compared to an average of 2.20M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 9 SELLs from insiders. Insiders purchased 1,499,306 shares during that period but sold 664,241.

In the most recent transaction, MCARDLE JANINE J bought 6,011 shares of AM for 11.96 per share on Aug 22. After the transaction, the Director now owns 54,093 company shares. In a previous transaction on Aug 09, Pearce Sheri sold 16,600 shares at 12.05 per share. AM shares that the insider owns now total 138,667.

Among the insiders who sold shares, KLIMLEY BROOKS J disposed of 5,000 shares on Aug 09 at a per-share price of $12.01. This resulted in the Director holding 71,047 shares of AM after the transaction. In another insider transaction, Pearce Sheri sold 19,600 shares at $10.25 per share on Jun 01. Company shares held by the insider now total 155,267.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Antero Midstream Corp pays an annual dividend of $0.90, resulting in a dividend yield of 7.36%, and it has a price to earnings (P/E) ratio of 16.68. AM’s most recent ex-dividend date was 1/23/2024 when it declared a $0.2250 quarterly dividend that was paid in cash on 2/7/2024. Previously, the company paid the dividend on 11/8/2023 with an ex-dividend date of 10/24/2023. The AM stock dividend was $0.2250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AM in the last 3 months, the mean price target is $13.21 with high estimates of $14.00 and low estimates of $12.00. In terms of 52-week highs and lows, AM has a high of $13.46 and a low of $9.56.

As of this writing, AM has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.18. The company reported an EPS of $0.18 in the last quarter, which was -10.00% lower than expectations of $0.2.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AM’s latest balance sheet shows that the firm has $0.00 in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $114.01M in liabilities at the time. Its Book Value Per Share was $4.48, while its Total Shareholder’s Equity was $2.29B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AM is Buy with a score of 3.14.

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