There is no doubt that Antero Midstream Corporation (AM) ticks all the boxes.

Antero Midstream Corporation (NYSE: AM) stock fell -3.89% on Friday to $9.63 against a previous-day closing price of $10.02. With 3.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.87 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $10.01 whereas the lowest price it dropped to was $9.62. The 52-week range on AM shows that it touched its highest point at $11.71 and its lowest point at $8.42 during that stretch. It currently has a 1-year price target of $10.50. With its current market cap of 4.51 billion, AM has annualized dividend of $0.90 while the current yield stands at 9.35%. Beta for the stock currently stands at 2.65.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AM was down-trending over the past week, with a drop of -2.23%, but this was up by 8.08% over a month. Three-month performance dropped to -11.08% while six-month performance fell -7.23%. The stock gained 4.67% in the past year, while it has lost -0.52% so far this year. A look at the trailing 12-month EPS for AM yields 0.68 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.20. This implies an EPS growth rate of 368.20% for this year and 7.38% for next year. EPS is expected to grow by 6.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 67.60%.

Float and Shares Shorts:

At present, 478.32 million AM shares are outstanding with a float of 319.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 8.26 million, which was 1.73% higher than short shares on Jun 14, 2022. In addition to Mr. Paul M. Rady as the firm’s Pres, Chairman & CEO, Mr. Brendan E. Krueger serves as its CFO, VP of Fin. & Treasurer.

Institutional Ownership:

Through their ownership of 53.72% of AM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.75% of AM, in contrast to 31.06% held by mutual funds. Shares owned by individuals account for 21.85%. As the largest shareholder in AM with 6.46% of the stake, The Vanguard Group, Inc. holds 30,914,498 shares worth 30,914,498. A second-largest stockholder of AM, Invesco Advisers, Inc., holds 28,710,309 shares, controlling over 6.00% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AM, holding 26,728,350 shares or 5.59% stake. With a 4.35% stake in AM, the Invesco SteelPath MLP Income Fund is the largest stakeholder. A total of 20,794,063 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 1.97% of AM stock, is the second-largest Mutual Fund holder. It holds 9,404,687 shares valued at 85.11 million. Vanguard Total Stock Market Index holds 1.93% of the stake in AM, owning 9,209,811 shares worth 83.35 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AM since 9 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 4 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AM analysts setting a high price target of $13.00 and a low target of $9.00, the average target price over the next 12 months is $10.50. Based on these targets, AM could surge 34.99% to reach the target high and fall by -6.54% to reach the target low. Reaching the average price target will result in a growth of 9.03% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AM will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of $0.72 being high and $0.68 being low. For AM, this leads to a yearly average estimate of $0.70. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Antero Midstream Corporation surprised analysts by -$0.01 when it reported $0.17 EPS against a consensus estimate of $0.18. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.20 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.19.

Summary of Insider Activity:

Insiders traded AM stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 37,940 shares were bought while 0 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,727,144 while 340,469 shares were sold.

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