Is AM a buy or sell right now?

Innellis AI committee rates Antero Midstream Watch with a composite score of 56/100.

Do analysts agree on AM?

6 AI analysts evaluated Antero Midstream, with 67 percent agreement on the overall direction.

What is the near-term upside for AM?

Based on nearby resistance levels, Antero Midstream has a near-term technical upside of +3.2 percent. This is a support/resistance measure, not a price target.

AM · NYSE · STOCK

Antero Midstream (AM) Stock Analysis

Energy Updated September 06, 2026

$22.60

52W $16.96 – $23.84

AI Score

56/100

Market Cap

$10.73B

P/E Ratio

26.9

Beta

0.63

Is AM Bullish or Bearish?

Mixed. Innellis AI committee rates Antero Midstream (AM) Watch with a composite score of 56/100 , based on 6 analysts with 67% agreement. Last updated September 06, 2026.

What Would Change This View

Upgrade to Buy: Requires a committee score of 60.0 — +3.88 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce: Requires the score to fall below 40.0 — -16.12 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

Some positive signals exist — vix regime is low -- calm backdrop supports risk-taking — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.

Bull & Bear Case

Bull Case

ROE of 20.2% shows genuine earnings power backing the valuation — Value
Dividend yield of 6.8% pays you to wait — Value
Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
Price structure making higher highs and higher lows — Technical
MACD histogram positive -- bullish momentum — Technical
Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical

Bear Case

P/E of 26.8 is moderate-to-rich — Value
Price-to-book of 4.3x prices in significant intangible value — Value
Debt-to-equity of 1.63 adds balance-sheet risk to the value case — Value
EPS declining -11.4% YoY despite any revenue growth — Growth
2 consecutive earnings misses -- execution concerns — Growth
Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical

Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.

Price History (6M)

AI Investment Committee

Committee Consensus As of September 06, 2026

Overall Committee Score

56/100

Agreement

67%

Analysts

Conviction

Moderate

Sector Rank

Top 84%

of 93 Energy peers

Value Analyst neutral

45 / 100 · High confidence

Fair value -- neither a bargain nor obviously overpriced

+ ROE of 20.2% shows genuine earnings power backing the valuation

− P/E of 26.8 is moderate-to-rich

Growth Analyst neutral

41 / 100 · High confidence

Moderate growth -- present but not remarkable

+ Quarter-over-quarter growth rate is ACCELERATING, not just positive

− EPS declining -11.4% YoY despite any revenue growth

Technical Analyst bullish

63 / 100 · High confidence

Price action is constructive -- trend and momentum agree

+ Price structure making higher highs and higher lows

− Price structure (LH_LL) contradicts the uptrend -- mixed signals

Risk Analyst neutral

50 / 100 · Moderate confidence

Moderate risk -- no single red flag, but nothing that clearly de-risks the position either

− High leverage (debt-to-equity 1.63) amplifies downside in a stress scenario

Macro Analyst bullish

80 / 100 · Low confidence

Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor

+ VIX regime is low -- calm backdrop supports risk-taking

News Analyst neutral

58 / 100 · Low confidence

News flow is mixed or quiet -- no strong signal either way right now

Portfolio Manager neutral

45 / 100 · High confidence

Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position

+ Portfolio position concentration is currently healthy

− Sector concentration is already high (HHI 2704.43)

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Investment Thesis Evolution

Committee score moved marginally from 56.1 to 56.1.

New bearish signals: 1 appeared.
Bearish pressure eased: 1 signal(s) disappeared.

Analyst-level changes:

Value Analyst: +1 bearish signal(s).

Comparing 2026-09-05 to 2026-09-06 (1 day apart).

Technical Analysis

RSI (14)

59.8

Neutral

MACD Histogram

0.033

Bullish Momentum

Trend Direction

Uptrend

Weekly: Uptrend

Market Structure

Lh Ll

Support

$21.10

Resistance

$23.33

Bollinger %B

0.79

Inside Bands

Price vs Moving Averages

EMA 9

$22.44 Above

EMA 21

$22.33 Above

EMA 50

$22.20 Above

EMA 200

$21.08 Above

Fundamental Analysis

Valuation

Growth

Profitability

Financial Health

Cash Flow

Valuation

P/E Ratio 26.9×

P/B Ratio 5.52×

PEG Ratio -2.32

Dividend Yield 3.98%

52W High $23.84

52W Low $16.96

Quality & Growth

ROE 2095.1%

ROA 702.2%

Gross Margin 6291.8%

Operating Margin 5604.8%

Revenue Growth YoY —

Debt / Equity 1.86

AI Fundamental Assessment

P/E ratio of 26.9 (moderate relative to a 15-40x range); Price-to-book of 5.5x; PEG ratio of -2.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 21.0%; Return on assets of 7.0%; Net margin of 30.4%; Gross margin of 62.9%; Current ratio of 0.84 (tight short-term liquidity); Debt-to-equity of 1.86; Free cash flow per share is positive (2.06); Most recent quarter missed estimates by 18.9%; 2 consecutive earnings misses; EPS growth accelerating (-13.3% -> -8.5% QoQ); Average YoY EPS growth of -8.5%; Analyst estimates rising over recent quarters

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