Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024.</li><li>The company’s investment appeal is largely anchored in its strategic growth initiatives, including bolt-on acquisitions and enhanced credit metrics.</li><li>The second quarter saw a continued focus on accretive acquisitions, a disciplined approach to capital management, and an emphasis on maintaining low leverage.</li></ul>

Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024.The company’s investment appeal is largely anchored in its strategic growth initiatives, including bolt-on acquisitions and enhanced credit metrics.The second quarter saw a continued focus on accretive acquisitions, a disciplined approach to capital management, and an emphasis on maintaining low leverage.

Antero Midstream Corporation: Leveraging Low Breakeven Prices But Is It Really Boosting Profits? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Low natural gas prices benefit AM and AR due to their low-cost structure and hedging program</li><li>AR has improved its financial position by reducing debt and improving liquidity</li><li>AM's partnership with AR provides stability and growth potential, making it an attractive investment option for investors looking for dividend yield and capital appreciation.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Low natural gas prices benefit AM and AR due to their low-cost structure and hedging programAR has improved its financial position by reducing debt and improving liquidityAM's partnership with AR provides stability and growth potential, making it an attractive investment option for investors looking for dividend yield and capital appreciation.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Antero Midstream Corp (AM) - Wednesday, May 1, 2024

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Rising DXY, Treasury yields, and now energy commodities breaking out (Bloomberg Commodity index $DJP and WTI crude oil) suggests upside is likely to be capped, but...</li>
<li>...we still continue to see many other risk-on signals. As a result, we view this pullback as a buying opportunity, with all the major indexes testing/holding at support</li>
<li>Looking for support on the S&amp;P 500 at 5850, the 100-day MA (currently 5820), 5765-5770, and 5600-5670. As long as the S&amp;P 500 remains above 5600-5670, our outlook remains bullish</li>
</ul>


Rising DXY, Treasury yields, and now energy commodities breaking out (Bloomberg Commodity index $DJP and WTI crude oil) suggests upside is likely to be capped, but...
...we still continue to see many other risk-on signals. As a result, we view this pullback as a buying opportunity, with all the major indexes testing/holding at support
Looking for support on the S&amp;P 500 at 5850, the 100-day MA (currently 5820), 5765-5770, and 5600-5670. As long as the S&amp;P 500 remains above 5600-5670, our outlook remains bullish


S&P 500, Nasdaq 100 Testing Bull Flag Supports; Bullish Breadth Divergences; Buy the Pullback

<ul>
<li>Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.</li>
<li>Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.</li>
<li>We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).</li>
</ul>


Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.
Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.
We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).


Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

<ul><li>Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that suggest a stable and improving trajectory for the company.</li><li>During this period, significant capital projects were completed, operational efficiencies were realized, especially in the water business, and there were notable enhancements in natural gas and liquids transportation capacities that align with future throughput growth projections.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that suggest a stable and improving trajectory for the company.During this period, significant capital projects were completed, operational efficiencies were realized, especially in the water business, and there were notable enhancements in natural gas and liquids transportation capacities that align with future throughput growth projections.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Antero Midstream Corporation: Why Are We Pessimistic Despite The Favorable Natural Gas Market Conditions? - Major Drivers

United States

Antero Midstream Corporation owns, operates, and develops midstream energy assets. The Company offers gathering and compressions, water distribution, clearwater facility, fractionation, and pipeline safety services. Antero Midstream serves customers in the United States.

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Antero Midstream Corp (AM US)

Antero Midstream Corporation: Leveraging Low Breakeven Prices But Is It Really Boosting Profits? - Major Drivers

Antero Midstream Corporation recently reported its second quarter earnings for the fiscal year 2024. The company’s investment appeal is largely...

Baptista Research

Antero Midstream Corp (AM) - Wednesday, May 1, 2024

Low natural gas prices benefit AM and AR due to their low-cost structure and hedging program. AR has improved its financial position by reducing...

Value Investors Club

S&P 500, Nasdaq 100 Testing Bull Flag Supports; Bullish Breadth Divergences; Buy the Pullback

$SPX and $QQQ $NDX Testing Bull Flag Supports; Bullish Breadth Divergences (SPX and $IWM % above 20-dma); All Major Indexes Above Key Supports $DJI...

Vermilion Research

Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

Buy the Pullback Again, Same as Our Election Day Report; S&P 500 $SPX, Nasdaq 100 $QQQ, Russell 2000 $IWM Testing Confluence of Support at 20-day...

Vermilion Research

Antero Midstream Corporation: Why Are We Pessimistic Despite The Favorable Natural Gas Market Conditions? - Major Drivers

Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that...

Baptista Research

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