Antero Midstream Corporation [NYSE: AM] loss -3.67% or -0.22 points to close at $5.78 with a heavy trading volume of 6453526 shares. The company report on July 15, 2020 that Antero Midstream Announces Second Quarter 2020 Return of Capital and Earnings Release Date and Conference Call.
Antero Midstream Corporation (NYSE: AM) (“Antero Midstream”) today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.3075 per share for the second quarter of 2020. In addition, Antero Midstream announced plans to issue their second quarter 2020 earnings on Wednesday, July 29, 2020 after the close of trading on the New York Stock Exchange.
Second Quarter 2020 Return of Capital.
It opened the trading session at $6.10, the shares rose to $6.10 and dropped to $5.76, the range by which the price of stock traded the whole day. The daily chart for AM points out that the company has recorded -6.17% loss over the past six months. However, it is still -242.01% lower than its most recent low trading price.
If we look at the average trading volume of 6.45M shares, AM reached to a volume of 6453526 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Antero Midstream Corporation [AM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AM shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AM stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Antero Midstream Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 28, 2020. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $6 to $4. The new note on the price target was released on March 09, 2020, representing the official price target for Antero Midstream Corporation stock. Previously, the target price had yet another raise to $5, while Wells Fargo analysts kept a Underweight rating on AM stock.
The Average True Range (ATR) for Antero Midstream Corporation is set at 0.28, with the Price to Sales ratio for AM stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for AM in the course of the last twelve months was 4.15 with Quick ratio for the last quarter at 1.80.
Trading performance analysis for AM stock
Antero Midstream Corporation [AM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.69. With this latest performance, AM shares gained by 7.04% in over the last four-week period, additionally sinking by -6.17% over the last 6 months – not to mention a drop of -38.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AM stock in for the last two-week period is set at 55.60, with the RSI for the last a single of trading hit 51.34, and the three-weeks RSI is set at 55.48 for Antero Midstream Corporation [AM]. The present Moving Average for the last 50 days of trading for this stock 5.33, while it was recorded at 5.97 for the last single week of trading, and 5.16 for the last 200 days.
Antero Midstream Corporation [AM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Antero Midstream Corporation [AM] shares currently have an operating margin of +44.44 and a Gross Margin at +58.98. Antero Midstream Corporation’s Net Margin is presently recorded at -41.80.
Return on Total Capital for AM is now 12.45, given the latest momentum, and Return on Invested Capital for the company is -11.71. Return on Equity for this stock declined to -22.37, with Return on Assets sitting at -11.22. When it comes to the capital structure of this company, Antero Midstream Corporation [AM] has a Total Debt to Total Equity ratio set at 92.01. Additionally, AM Total Debt to Total Capital is recorded at 47.92, with Total Debt to Total Assets ending up at 46.03. Long-Term Debt to Equity for the company is recorded at 92.01, with the Long-Term Debt to Total Capital now at 47.92.
Reflecting on the efficiency of the workforce at the company, Antero Midstream Corporation [AM] managed to generate an average of -$649,203 per employee. Receivables Turnover for the company is 16.09 with a Total Asset Turnover recorded at a value of 0.27.Antero Midstream Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
Antero Midstream Corporation [AM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Antero Midstream Corporation posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -36.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AM.
An analysis of insider ownership at Antero Midstream Corporation [AM]
There are presently around $1,650 million, or 62.80% of AM stock, in the hands of institutional investors. The top three institutional holders of AM stocks are: INVESCO LTD. with ownership of 70,978,456, which is approximately 11.351% of the company’s market cap and around 4.30% of the total institutional ownership; VANGUARD GROUP INC, holding 26,885,464 shares of the stock with an approximate value of $155.4 million in AM stocks shares; and BLACKROCK INC., currently with $141.88 million in AM stock with ownership of nearly -4.469% of the company’s market capitalization.
Positions in Antero Midstream Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 128 institutional holders increased their position in Antero Midstream Corporation [NYSE:AM] by around 38,872,842 shares. Additionally, 133 investors decreased positions by around 76,995,131 shares, while 24 investors held positions by with 169,594,645 shares. The mentioned changes placed institutional holdings at 285,462,618 shares, according to the latest SEC report filing. AM stock had 37 new institutional investments in for a total of 12,996,864 shares, while 56 institutional investors sold positions of 23,471,388 shares during the same period.