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 April 24, 2024, AM stock price climbed to $13.98 with 869,331 million shares trading.

AM has a beta of 0.71, meaning it tends to be less sensitive to market movements. AM has a correlation of 0.18 to the broad based SPY ETF.

AM has a market cap of $6.71 billion. This is considered a Mid Cap stock.

Last quarter Antero Midstream reported $260 million in Revenue and $.24 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.03.

In the last 3 years, AM stock traded as high as $14.52 and as low as $8.42.

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

AM has outperformed the market in the last year with a price return of +46.7% while the SPY ETF gained +24.5%. AM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.4% and +0.1%, respectively, while the SPY returned +4.8% and -2.5%, respectively.

AM support price is $13.78 and resistance is $14.10 (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.