Antero Midstream Corporation which can be found using ticker (AM) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 13 and 11 suggesting an average Analsyt target price of $11.50. Now with the previous closing price of $10.28 and the analysts are correct then we can expect a percentage increase in value of 11.9%. It’s also worth noting that there is a 50 day moving average of $10.43 and the 200 moving average now moves to $10.39. The company has a market cap of $4,930m. Company Website: https://www.anteromidstream.com
The potential market cap would be $5,515m based on the market consensus.
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources’ wells in West Virginia and Ohio. The Water Handling segment delivers fresh water from sources, including the Ohio River, local reservoirs, and various regional waterways; uses water handling systems to transport flowback and produced water; and offers pumping stations, water storage, and blending facilities. The company was incorporated in 2013 and is headquartered in Denver, Colorado.
The company has a dividend yield of 8.74% with the ex dividend date set at 25-4-2023 (DMY).
Other points of data to note are a P/E ratio of 15.15, revenue per share of 2.07 and a 5.97% return on assets.
