A Fresh Look at Antero Midstream (NYSE:AM) Valuation as the Stock Remains Steady

Antero Midstream (NYSE:AM) has attracted a new round of attention this week, even without a major headline event pushing it into the spotlight. Sometimes, it is exactly these quieter stretches that prompt investors to take a closer look at where a stock is heading and whether the current price tells the full story. For Antero Midstream, steady operations and consistent financial updates have kept the atmosphere calm. Occasionally, the lack of drama itself is a sign worth examining. Looking at the bigger picture, Antero Midstream’s share price has shown solid momentum over the longer term, gaining 35% in the past year and 114% over three years. So far this year, the stock is up 17%, suggesting that, even with minor dips in the past month, market confidence has held up. Recent weeks have been quieter but have not erased the broader upward trajectory. After this run, the question is hard to ignore: is there still value left on the table, or is the market already anticipating more growth ahead?

Most Popular Narrative: Fairly Valued

The prevailing narrative views Antero Midstream as fairly valued, with analysts' consensus suggesting the current share price closely matches its estimated fair value.

Infrastructure modernization and rising Northeast U.S. in-basin demand, particularly from data centers and industrial projects supported by favorable regulation, should increase utilization of existing assets and provide additional fee-based revenue opportunities as new infrastructure is built to meet this demand.

Want to unlock the real reasons Antero Midstream is holding its ground? Behind this valuation are high-stakes growth assumptions and profit projections that might surprise you. Want to see which key financial moves could tip the balance and decide future returns? Dive in to discover the estimates and trends that drive this price target.

Result: Fair Value of $18.07 (ABOUT RIGHT)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing dependence on a single region, along with tightening environmental regulations, could quickly shift the outlook and pressure future earnings growth.

Find out about the key risks to this Antero Midstream narrative.

Another View: SWS DCF Model Shows a Different Story

While analysts see Antero Midstream as fairly valued based on future earnings projections, our SWS DCF model suggests the shares might actually be undervalued. It raises the question of whether the market is overlooking long-term cash flow potential.

Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Antero Midstream for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Antero Midstream Narrative

If you see things differently or want to go beyond the consensus, it takes just a few minutes to craft your own view using the available data. Do it your way

A great starting point for your Antero Midstream research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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