AM Stock Summary and Trading Ideas (Antero Midstream | NYSE:AM)

Antero Midstream Corp is a midstream company that owns, operates and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets. The company, through its wholly-owned subsidiary Antero Midstream Partners and its affiliates, provides midstream services to Antero Resources Corp under long-term contracts.

Antero Midstream trades on the NYSE stock market under the symbol AM.

As of February 3, 2023, AM stock price declined to $10.62 with 2,781,250 million shares trading.

AM has a beta of 0.91, meaning it tends to be less sensitive to market movements. AM has a correlation of 0.35 to the broad based SPY ETF.

AM has a market cap of $5.08 billion. This is considered a Mid Cap stock.

Last quarter Antero Midstream reported $231 million in Revenue and $.20 earnings per share. This fell short of revenue expectation by $-14 million and exceeded earnings estimates by $.01.

In the last 3 years, AM stock traded as high as $11.71 and as low as $1.69.

The top ETF exchange traded funds that AM belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

AM has outperformed the market in the last year with a return of +12.7%, while the SPY ETF lost -6.3%. However, in the most recent history, AM shares have underperformed the stock market with its stock returning +0.2% in the last 3 month period and -3.3% for the last 2 week period, while SPY has returned +11.6% and +4.2%, respectively.

AM support price is $10.57 and resistance is $10.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AM stock will trade within this expected range on the day.