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. The company has two operating segments; the Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio and the Water Handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.

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

As of January 6, 2025, AM stock price declined to $15.50 with 1,674,339 million shares trading.

AM has a beta of 0.86, meaning it tends to be less sensitive to market movements. AM has a correlation of 0.29 to the broad based SPY ETF.

AM has a market cap of $7.46 billion. This is considered a Mid Cap stock.

Last quarter Antero Midstream reported $270 million in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, AM traded as high as $16.00 and as low as $8.56.

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

AM has outperformed the market in the last year with a price return of +31.7% while the SPY ETF gained +28.7%. However, in the short term, AM had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.5% vs +4.2% return in SPY. But in the last 2 weeks, AM shares have fared better than the market returning +2.9% compared to SPY +0.1%.

AM support price is $15.32 and resistance is $15.80 (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 shares will trade within this expected range on the day.