On November 5, 2024, Brooks Klimley, Director at Antero Midstream Corp (AM, Financial), executed a sale of 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 74,100 shares of Antero Midstream Corp.
Antero Midstream Corp (AM, Financial) is a company that owns, operates, and develops midstream energy assets. The company's services include gathering and processing systems that service Antero Resources' production and completion activity. It also focuses on the management of fresh water delivery and disposal services, which are critical components in the hydraulic fracturing process.
The shares were sold at a price of $14.66, valuing the transaction at approximately $146,600. This sale has adjusted the insider's stake in the company to a lower level compared to the previous holding.
Over the past year, there have been no insider buys and three insider sells including the recent transaction by Brooks Klimley at Antero Midstream Corp. The insider's activities over the past year involved the sale of 10,000 shares in total and no purchases.
Regarding the company's valuation, Antero Midstream Corp has a market cap of $7.31 billion. The price-earnings ratio stands at 18.26, which is above both the industry median and the company's historical median.
The stock's current price of $14.66 compares to a GF Value of $12.62, indicating that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.16.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects or stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
