Should I buy or sell Altus Midstream stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTM, but not buy additional shares or sell existing shares. View ALTM analyst ratings or view top-rated stocks .

What is Altus Midstream's stock price target for 2024?

10 analysts have issued twelve-month price targets for Altus Midstream's stock. Their ALTM share price targets range from $5.00 to $11.00. On average, they anticipate the company's share price to reach $7.06 in the next twelve months. This suggests a possible upside of 85.3% from the stock's current price. View analysts price targets for ALTM or view top-rated stocks among Wall Street analysts .

When is Altus Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our ALTM earnings forecast .

How can I listen to Altus Midstream's earnings call?

Altus Midstream will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Altus Midstream's earnings last quarter?

Altus Midstream (NASDAQ:ALTM) issued its quarterly earnings data on Thursday, February, 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.02. The firm earned $181.80 million during the quarter, compared to the consensus estimate of $263.50 million. Altus Midstream had a net margin of 37.40% and a trailing twelve-month return on equity of 21.88%. Altus Midstream's revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS.

What ETFs hold Altus Midstream's stock?

ETFs with the largest weight of Altus Midstream (NASDAQ:ALTM) stock in their portfolio include iShares Lithium Miners and Producers ETF (ILIT) , ProShares S&P Global Core Battery Metals ETF (ION) , VanEck Rare Earth/Strategic Metals ETF (REMX) , ALPS Clean Energy ETF (ACES) , Sprott Lithium Miners ETF (LITP) , iShares Self-Driving EV and Tech ETF (IDRV) , Gabelli Love Our Planet & People ETF (LOPP) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) .

When did Altus Midstream's stock split?

Altus Midstream's stock reverse split on the morning of Wednesday, July 1st 2020. The 1-20 reverse split was announced on Monday, June 29th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Altus Midstream's major shareholders?

Altus Midstream's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Leibman Financial Services Inc. (0.03%), Los Angeles Capital Management LLC (0.01%), Courier Capital LLC (0.01%), Vanguard Capital Wealth Advisors (0.00%), Red Spruce Capital LLC (0.00%) and Ferguson Wellman Capital Management Inc. (0.00%). Insiders that own company stock include D Clay Bretches and Pablo Marcet. View institutional ownership trends .

NASDAQ:ALTM

Altus Midstream (ALTM) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $3.67
▼
$3.88
50-Day Range: $31.88
▼
$62.35
52-Week Range: $49.69
▼
$91.00

Volume: 8.48 million shs
Average Volume: 8.83 million shs
Market Capitalization: $4.09 billion

P/E Ratio: 2.41
Dividend Yield: N/A
Price Target: $7.06

Get Altus Midstream alerts:

Altus Midstream MarketRank™ Stock Analysis

Analyst Rating: Hold
2.30 Rating Score
Upside/Downside: 85.3% Upside
$7.06 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$66,662 Bought Last Quarter
Proj. Earnings Growth: 17.86%
From $0.28 to $0.33 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Basic Materials Sector

15th out of 173 stocks

Industrial Inorganic Chemicals Industry

2nd out of 9 stocks

4.2

Analyst's Opinion

Consensus Rating
Altus Midstream has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Altus Midstream has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for ALTM.

0.0

Dividend Strength

Dividend Yield
Altus Midstream does not currently pay a dividend.
Dividend Growth
Altus Midstream does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALTM.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Altus Midstream this week, compared to 0 articles on an average week.
Search Interest
45 people have searched for ALTM on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.
MarketBeat Follows
8 people have added Altus Midstream to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altus Midstream insiders have bought more of their company's stock than they have sold. Specifically, they have bought $66,662.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Altus Midstream is held by insiders.
Percentage Held by Institutions
Only 27.00% of the stock of Altus Midstream is held by institutions.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Altus Midstream are expected to grow by 17.86% in the coming year, from $0.28 to $0.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altus Midstream is 2.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altus Midstream is 2.41, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 132.88.
Price to Earnings Growth Ratio
Altus Midstream has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Altus Midstream has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Altus Midstream Stock (NASDAQ:ALTM)

Altus Midstream Co. engages in the ownership of gas gathering, processing, and transmission assets. It focuses on the Permian Basin of West Texas. The company was founded on December 12, 2016 and is headquartered in Houston, TX.

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ALTM Stock News Headlines

April 17, 2024 | investorplace.com

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February 29, 2024 | investorplace.com

3 Top Lithium Stocks to Watch for the Coming Quarter

February 28, 2024 | benzinga.com

Top 3 Materials Stocks That Are Preparing To Pump This quarter - Arcadium Lithium (NYSE:ALTM), Lifezone Metals (NYSE:LZM)

February 27, 2024 | investorplace.com

7 Top-Tier Penny Stocks for a Smart Bet

February 25, 2024 | investorplace.com

3 Millionaire-Maker Lithium Stocks to Buy in February 2024

February 22, 2024 | prnewswire.com

Arcadium Lithium Releases Fourth Quarter and Full Year 2023 Results and Provides 2024 Full Year Outlook

February 22, 2024 | investorplace.com

Lithium Demand Expected to Grow 20X by 2040. 3 Stocks to Buy Now

February 20, 2024 | gurufocus.com

Consider Arcadium Ahead of Lithium Rebound

February 19, 2024 | prnewswire.com

Arcadium Lithium's CEO Paul Graves to Speak at Multiple Upcoming Conferences

February 14, 2024 | investorplace.com

From Mines to Megabatteries: 3 Lithium Stocks Ready to Boom

January 23, 2024 | finance.yahoo.com

Arcadium Lithium Announces Date for Fourth Quarter 2023 Earnings Release and Webcast Conference Call

January 9, 2024 | finance.yahoo.com

What Is Arcadium Lithium plc's (NYSE:ALTM) Share Price Doing?

May 29, 2023 | finance.yahoo.com

Q1 2023 DT Midstream Inc Earnings Call

May 16, 2023 | investing.com

Altus Property Ventures Inc (APVI)

May 9, 2023 | finance.yahoo.com

Harvest Midstream Announces the Closing of its Purchase of Paradigm Midstream, LLC

April 30, 2023 | usnews.com

Altus High School

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Basic Materials
Industry: Industrial inorganic chemicals
Sub-Industry: N/A
Current Symbol: NASDAQ:ALTM
CUSIP: N/A
CIK: 1692787
Web: www.altusmidstream.com
Phone: (713) 296-6000
Fax: N/A
Employees: 1,439
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.06
High Stock Price Target: $11.00
Low Stock Price Target: $5.00
Potential Upside/Downside: +85.3%
Consensus Rating: Hold
Rating Score (0-4): 2.30
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.58
Trailing P/E Ratio: 2.41
Forward P/E Ratio: 13.61
P/E Growth: 0.68
Net Income: $330.10 million
Net Margins: 37.40%
Pretax Margin: 44.08%
Return on Equity: 21.88%
Return on Assets: 15.75%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 2.41
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $882.50 million
Price / Sales: 4.64
Cash Flow: $2.40 per share
Price / Cash Flow: 1.59
Book Value: $12.70 per share
Price / Book: 0.30

Miscellaneous

Outstanding Shares: 1,074,400,000
Free Float: 1,037,868,000
Market Cap: $4.09 billion
Optionable: Optionable
Beta: 1.82

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Key Executives

Jon William Sauer
Chairman & Senior Vice President
David Clay Bretches
President, Chief Executive Officer & Director
Bryan Graham
Vice President-Operations
Ben C. Rodgers
Chief Financial Officer, Treasurer & Director
Jim Virginillo
Vice President-Engineering & Technology

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALTM Stock Analysis - Frequently Asked Questions

Should I buy or sell Altus Midstream stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTM, but not buy additional shares or sell existing shares.
View ALTM analyst ratings or view top-rated stocks.
What is Altus Midstream's stock price target for 2024?: 10 analysts have issued twelve-month price targets for Altus Midstream's stock. Their ALTM share price targets range from $5.00 to $11.00. On average, they anticipate the company's share price to reach $7.06 in the next twelve months. This suggests a possible upside of 85.3% from the stock's current price.
View analysts price targets for ALTM or view top-rated stocks among Wall Street analysts.
When is Altus Midstream's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ALTM earnings forecast.
How can I listen to Altus Midstream's earnings call?: Altus Midstream will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Altus Midstream's earnings last quarter?: Altus Midstream (NASDAQ:ALTM) issued its quarterly earnings data on Thursday, February, 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.02. The firm earned $181.80 million during the quarter, compared to the consensus estimate of $263.50 million. Altus Midstream had a net margin of 37.40% and a trailing twelve-month return on equity of 21.88%. Altus Midstream's revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS.
What ETFs hold Altus Midstream's stock?: ETFs with the largest weight of Altus Midstream (NASDAQ:ALTM) stock in their portfolio include iShares Lithium Miners and Producers ETF (ILIT), ProShares S&P Global Core Battery Metals ETF (ION), VanEck Rare Earth/Strategic Metals ETF (REMX), ALPS Clean Energy ETF (ACES), Sprott Lithium Miners ETF (LITP), iShares Self-Driving EV and Tech ETF (IDRV), Gabelli Love Our Planet & People ETF (LOPP) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
When did Altus Midstream's stock split?: Altus Midstream's stock reverse split on the morning of Wednesday, July 1st 2020. The 1-20 reverse split was announced on Monday, June 29th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.
Who are Altus Midstream's major shareholders?: Altus Midstream's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Leibman Financial Services Inc. (0.03%), Los Angeles Capital Management LLC (0.01%), Courier Capital LLC (0.01%), Vanguard Capital Wealth Advisors (0.00%), Red Spruce Capital LLC (0.00%) and Ferguson Wellman Capital Management Inc. (0.00%). Insiders that own company stock include D Clay Bretches and Pablo Marcet.
View institutional ownership trends.

This page (NASDAQ:ALTM) was last updated on 4/18/2024 by MarketBeat.com Staff

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Altus Midstream (ALTM) Stock Price, News & Analysis

Altus Midstream MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Altus Midstream Stock (NASDAQ:ALTM)

ALTM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ALTM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™