Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Midstream Corporation shares valued at $2,547,977 were sold by Keenan W Howard JR on May 25. At $10.49 per share, Keenan W Howard JR sold 242,868 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Keenan W Howard JR sold 299,019 shares, netting a total of over 3,057,918 in proceeds. Following the sale of shares at $10.23 each, the insider now holds 95,501 shares.
Before that, Keenan W Howard JR had sold 250,996 shares from its account. In a trade valued at $2,587,141, the Director traded Antero Midstream Corporation shares for $10.31 each. Upon closing the transaction, the insider’s holdings decreased to 250,996 shares, worth approximately $2.05 million.
As published in a research note from Wells Fargo on April 28, 2022, Antero Midstream Corporation [AM] has been rated up from an Equal weight to an Overweight and the price target has been revised to $13 from $12. This represents a 25.92% premium over Thursday’s closing price. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early March. As of May 26, 2021, Tudor Pickering has decreased its “Hold” rating to a “Sell” for AM. Earlier on March 12, 2021, Goldman downgraded its rating. Their new recommendation was “a Sell” for AM stock which previously was a “a Neutral”.
Analyzing AM’s Price Performance
On Thursday, Antero Midstream Corporation [NYSE: AM] plunged -3.89% to $9.63. The stock’s lowest price that day was $9.62, but it reached a high of $10.01 in the same session. During the last five days, there has been a drop of approximately -2.23%. Over the course of the year, Antero Midstream Corporation shares have dropped approximately -0.52%. Shares of the company reached a 52-week high of $11.56 on 04/20/22 and a 52-week low of $8.56 on 07/06/22. A 50-day SMA is recorded $9.89, while a 200-day SMA reached $10.18. Nevertheless, trading volume fell to 3.11 million shares from 3.08 million shares the previous day.
Support And Resistance Levels for Antero Midstream Corporation (AM)
According to the 24-hour chart, there is a support level at 9.50, which, if violated, would cause prices to drop to 9.36. In the upper region, resistance lies at 9.89. The next price resistance is at 10.14. RSI (Relative Strength Index) is 47.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 71.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Antero Midstream Corporation subject to short interest?
Stocks of Antero Midstream Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.26 million shares to 8.26 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.52 million shares. A decline of -3.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.69 of the overall float, the days-to-cover ratio (short ratio) decline to 1.69.
Which companies own the most shares of Antero Midstream Corporation (AM)?
According to The Vanguard Group, Inc. filings, the company currently owns 30,914,498 shares, which is about 6.46% of the total AM shares outstanding. The investor’s shares have appreciated by 283,457 from its previous 13-F filing of 30631041.0 shares. With the completion of the buy transaction, Invesco Advisers, Inc.’s stake is now worth $259,828,296. BlackRock Fund Advisors acquire a 0.64% interest valued at $241.89 million while Newton Investment Management Nort purchased a 33,077 stake. A total of 1,399,840 shares of Antero Midstream Corporation were bought by Dimensional Fund Advisors LP during the quarter, and 433,025 were bought by SSgA Funds Management, Inc. In its current portfolio, Northern Trust Investments, Inc. holds 5,777,893 shares valued at $52.29 million.
In terms of Antero Midstream Corporation share price expectations, FactSet research, analysts set an average price target of $10.50 in the next 12 months, up nearly 4.79% from the previous closing price of $10.02. Analysts anticipate Antero Midstream Corporation stock to reach $13.00 by 2022, with the lowest price target being $9.00. In spite of this, 9 analysts ranked Antero Midstream Corporation stock as an Underweight at the end of 2022.