Antero Midstream Corp (NYSE:AM) has a beta value of 2.13 and has seen 0.73 million shares traded in the recent trading session. The company, currently valued at $6.59B, closed the recent trade at $13.74 per share which meant it gained $0.07 on the day or 0.51% during that session. The AM stock price is -0.51% off its 52-week high price of $13.81 and 30.42% above the 52-week low of $9.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.96 million shares traded. The 3-month trading volume is 2.72 million shares.
Antero Midstream Corp (NYSE:AM) trade information
Sporting 0.51% in the green today, the stock has traded in the green over the last five days, when the AM stock price touched $13.74 or saw a rise of 0.36%. Year-to-date, Antero Midstream Corp shares have moved 9.66%, while the 5-day performance has seen it change 0.59%. Over the past 30 days, the shares of Antero Midstream Corp (NYSE:AM) have changed 10.19%. Short interest in the company has seen 13.24 million shares shorted with days to cover at 4.06.
Antero Midstream Corp (AM) estimates and forecasts
Figures show that Antero Midstream Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 17.74% over the past 6 months, with this year growth rate of 24.68%, compared to 7.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 27.80% and 27.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.20%.
3 analysts offering their estimates for the company have set an average revenue estimate of $269.06 million for the current quarter. 3 have an estimated revenue figure of $267.07 million for the next quarter concluding in Jun 2024. Year-ago sales stood $259.48 million and $268.63 million respectively for this quarter and the next, and analysts expect sales will grow by 3.70% for the current quarter and -0.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.48% over the past 5 years. Earnings growth for 2024 is a modest 18.76% while over the next 5 years, the company’s earnings are expected to increase by 10.50%.
AM Dividends
Antero Midstream Corp is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.90 at a share yield of 6.55%. The company’s dividend yield has gone up over the past 12 months.
Antero Midstream Corp (NYSE:AM)’s Major holders
Insiders own 29.67% of the company shares, while shares held by institutions stand at 54.55% with a share float percentage of 77.56%. Investors are also buoyed by the number of investors in a company, with Antero Midstream Corp having a total of 501 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 38.38 million shares worth more than $528.24 million. As of Dec 30, 2023, Blackrock Inc. held 8.00% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 35.55 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $489.29 million and represent 7.41% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco Steelpath MLP Income Fund and Vanguard Total Stock Market Index Fund. As of Nov 29, 2023, the former fund manager holds about 4.73% shares in the company for having 22.69 million shares of worth $312.38 million while later fund manager owns 10.5 million shares of worth $144.48 million as of Dec 30, 2023, which makes it owner of about 2.19% of company’s outstanding stock.
