Raymond James slashes price target on Antero Midstream Corporation [AM] – find out why.

Antero Midstream Corporation [NYSE: AM] closed the trading session at $9.51 on 03/04/21. The day’s price range saw the stock hit a low of $9.14, while the highest price level was $9.61. The company report on February 18, 2021 that Antero Midstream Corp. to Host Earnings Call.

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Antero Midstream Corp. (NYSE:AM) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 18, 2021 at 12:00 PM Eastern Time.To listen to the event.. Investor Network

Antero Midstream Corp. (NYSE:AM) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 18, 2021 at 12:00 PM Eastern Time.

The stocks have a year to date performance of 23.35 percent and weekly performance of 4.85 percent. The stock has been moved at 47.90 percent over the last six months. The stock has performed 23.35 percent around the most recent 30 days and changed 41.73 percent over the most recent 3-months.

If compared to the average trading volume of 6.14M shares, AM reached to a volume of 8699666 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $7.78 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.

Raymond James have made an estimate for Antero Midstream Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 11, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $5 to $7. The new note on the price target was released on November 04, 2020, representing the official price target for Antero Midstream Corporation stock. Previously, the target price had yet another raise to $4, while Morgan Stanley analysts kept a Underweight rating on AM stock.

The Average True Range (ATR) for Antero Midstream Corporation is set at 0.48, with the Price to Sales ratio for AM stock in the period of the last 12 months amounting to 5.18. The Price to Book ratio for the last quarter was 1.88, 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 37.31 with Quick ratio for the last quarter at 1.00.

AM stock trade performance evaluation

Antero Midstream Corporation [AM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.85. With this latest performance, AM shares gained by 23.35% in over the last four-week period, additionally plugging by 47.90% over the last 6 months – not to mention a rise of 124.29% 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 63.98, with the RSI for the last a single of trading hit 67.52, and the three-weeks RSI is set at 61.98 for Antero Midstream Corporation [AM]. The present Moving Average for the last 50 days of trading for this stock 8.38, while it was recorded at 9.22 for the last single week of trading, and 6.68 for the last 200 days.

Antero Midstream Corporation [AM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Antero Midstream Corporation [AM] shares currently have an operating margin of +57.54 and a Gross Margin at +64.48. Antero Midstream Corporation’s Net Margin is presently recorded at -12.61.

Return on Total Capital for AM is now 9.68, given the latest momentum, and Return on Invested Capital for the company is -2.12. Return on Equity for this stock declined to -4.41, with Return on Assets sitting at -2.06. When it comes to the capital structure of this company, Antero Midstream Corporation [AM] has a Total Debt to Total Equity ratio set at 127.84. Additionally, AM Total Debt to Total Capital is recorded at 56.11, with Total Debt to Total Assets ending up at 55.10. Long-Term Debt to Equity for the company is recorded at 127.84, with the Long-Term Debt to Total Capital now at 56.11.

Reflecting on the efficiency of the workforce at the company, Antero Midstream Corporation [AM] managed to generate an average of -$234,726 per employee. Receivables Turnover for the company is 9.84 with a Total Asset Turnover recorded at a value of 0.16.Antero Midstream Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Antero Midstream Corporation [AM] stock

With the latest financial reports released by the company, Antero Midstream Corporation posted -0.81/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 -468.20%. 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.

Antero Midstream Corporation [AM]: Insider Ownership positions

There are presently around $2,652 million, or 54.30% of AM stock, in the hands of institutional investors. The top three institutional holders of AM stocks are: VANGUARD GROUP INC with ownership of 29,049,749, which is approximately 0.087% of the company’s market cap and around 2.30% of the total institutional ownership; INVESCO LTD., holding 27,918,737 shares of the stock with an approximate value of $265.51 million in AM stocks shares; and BLACKROCK INC., currently with $244.93 million in AM stock with ownership of nearly 7.073% of the company’s market capitalization.

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Positions in Antero Midstream Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 159 institutional holders increased their position in Antero Midstream Corporation [NYSE:AM] by around 22,611,110 shares. Additionally, 122 investors decreased positions by around 23,871,458 shares, while 28 investors held positions by with 232,403,565 shares. The mentioned changes placed institutional holdings at 278,886,133 shares, according to the latest SEC report filing. AM stock had 63 new institutional investments in for a total of 7,748,115 shares, while 30 institutional investors sold positions of 5,197,731 shares during the same period.

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