Antero Midstream Corporation (AM, Financial) experienced a significant stock decline of 5.03%, with shares priced at $15.57. The trading volume reached 1.348 million shares, reflecting a turnover rate of 0.28% and a price fluctuation of 3.75%. Recent financial reports indicate that the company achieved a revenue of $288 million, a net profit of $99.74 million, and an earnings per share of $0.21. The gross profit stood at $186 million, with a price-to-earnings ratio of 19.37.
Regarding institutional ratings, 67% of the nine participating institutions recommended holding the stock, while 33% suggested selling. No institution recommended buying. The oil and gas midstream industry, where Antero Midstream operates, saw an overall decline of 4.82%. Within this industry, stocks such as Dorian LPG Ltd., Torm Plc, and Scorpio Tankers Inc. showed notable gains. Meanwhile, stocks like DT Midstream, Inc., Dorian LPG Ltd., and Kinder Morgan were active, with turnover rates of 0.98%, 0.96%, and 0.96%, respectively. Stocks with significant price fluctuations included Venture Global, Inc., BPT Trust, and DT Midstream, Inc., with fluctuations of 16.00%, 13.54%, and 9.52%.
Antero Midstream Corp is a midstream company engaged in owning, operating, and developing midstream energy infrastructure in the Appalachian Basin's Marcellus and Utica Shales in West Virginia and Ohio. The company operates two segments: gathering and processing, and water handling. Most of its revenue comes from the gathering and processing segment.
