Stock Check: What next for Antero Midstream Corporation (NYSE: AM)?

Antero Midstream Corporation (NYSE: AM) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.18 points up or 2.43% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The AM stock is trading at $7.59 from a close of $7.41 on 01/15/20. The day’s price range saw the stock hit a low of $7.3567, while the highest price level was $7.60 during the intraday trading.

Is the AM stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $7.60. Antero Midstream Corporation (NYSE: AM) has a 52-week price range of between $4.26 and $14.56. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 3457984, compared to its 3-months daily average volume of 6.93 million. In comparison, the average volume for the last 50 days stands at 7,069,616.

What about the stock’s price forecasts? AM had 11 analysts who offered their 12-month price predictions for the Antero Midstream Corporation shares. The group has given the stock a consensus price target of $7.80, with the lowest forecast being put at $6.00. The highest estimate by the 11 analysts is $11.00. The median price target estimate of $7.50 for the stock represents a -1.2% fall in value from the previous price of $7.59. Looking at the 52-week price ranges, the stock’s current price level is 78.17% from its 52-week high price and -47.87% down from its 52-week low in the same period.

Antero Midstream Corporation shares have surged 9.21% over the past week, but its 1-month performance is in the green at 29.74%. Its performance in the current quarter is up 1.88%, while that figure shoots to -32.29% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -37.68%, with the year-to-date prices down by 0.00%.

The company has a market cap of 3.83 billion and a return on assets (ROA) of -3.90%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with AM’s at -6.70% indicating that the management is able to generate impressive income with whatever equity at their disposal.

But what do Wall Street analysts tracking this stock recommend, given that it has 504.14 million shares outstanding? 11 analysts polled have a consensus recommendation rating of 3.86, indicating that AM is a Hold stock at the moment. This mean rating was at 3.86 a month ago. Wells Fargo called it a Market Perform stock on November 07, 2019, while JP Morgan rated it a Neutral in its note released on October 03, 2019. Of the 11 analysts, 1 analysts rate the AM stock as Overweight, while 8 of them rated it as a Hold. 2 analysts rate Antero Midstream Corporation as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2019) ranged from a low of $0.17 per share to $0.32 per share. The average estimate by the 9 analysts for the AM shares was $0.23 a share, while the company’s last-quarter results returned an EPS of $0.15. Looking at the current EPS trends, seven days ago, AM had its Dec 2019 estimates at $0.23 per share while the stock’s EPS was forecasted at the $0.22, a month ago. However, the company’s EPS growth for this quarter stands at 130.00%, while that growth rate for the next fiscal quarter is forecasted at 43.80%.

Let’s briefly check out revenue growth estimates for the company, which is put at 498.90% in the current quarter. However, the next quarter should see net revenue growth of over -6.00%, with analysts forecasting the company’s 12-month growth estimates at 0.80%. 5 analysts have forecast that Antero Midstream Corporation will see its revenue growth net between $243.8 million and $279.4 million for the current quarter. The next quarter should see revenue returns of between $210.9 million and $273.3 million.The average revenue for the quarter is expected at $260.49 million, while for the next quarter, it jumps to $249.8 million. Sales growth for the year are estimated at 0.80%.