S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:ALTM

Altus Midstream Stock Forecast, Price & News

$68.66
-3.16 (-4.40%)
(As of 11/26/2021 12:00 AM ET)
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Compare
Today's Range
$66.14
$70.00
50-Day Range
$61.58
$89.30
52-Week Range
$36.02
$91.00
Volume
43,212 shs
Average Volume
56,718 shs
Market Capitalization
$1.12 billion
P/E Ratio
13.38
Dividend Yield
8.35%
Beta
3.58
30 days | 90 days | 365 days | Advanced Chart
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Altus Midstream logo

About Altus Midstream

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.

Headlines

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Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Current Symbol
NASDAQ:ALTM
Fax
N/A
Employees
N/A
Year Founded
N/A

Sales & Book Value

Annual Sales
$148.41 million
Cash Flow
$2.79 per share
Book Value
($29.80) per share

Profitability

Net Income
$80.48 million
Pretax Margin
146.50%

Debt

Price-To-Earnings

Miscellaneous

Free Float
15,694,000
Market Cap
$1.12 billion
Optionable
Not Optionable

Company Calendar

Ex-Dividend
8/26/2021
Dividend Payable
9/30/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/24/2022

MarketRank

Overall MarketRank

1.21 out of 5 stars

Oils/Energy Sector

296th out of 354 stocks

Natural Gas Transmission Industry

26th out of 29 stocks

Analyst Opinion: 0.5Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Altus Midstream (NASDAQ:ALTM) Frequently Asked Questions

Is Altus Midstream a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last year. There are currently 2 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" Altus Midstream stock.
View analyst ratings for Altus Midstream
or view top-rated stocks.

How has Altus Midstream's stock been impacted by COVID-19?

Altus Midstream's stock was trading at $20.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALTM shares have increased by 236.6% and is now trading at $68.66.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Altus Midstream?

Altus Midstream saw a increase in short interest in the month of October. As of October 29th, there was short interest totaling 263,000 shares, an increase of 41.8% from the October 14th total of 185,500 shares. Based on an average trading volume of 62,400 shares, the short-interest ratio is presently 4.2 days. Approximately 8.0% of the company's stock are short sold.
View Altus Midstream's Short Interest
.

When is Altus Midstream's next earnings date?

Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Altus Midstream
.

How often does Altus Midstream pay dividends? What is the dividend yield for Altus Midstream?

Altus Midstream announced a quarterly dividend on Tuesday, November 2nd. Investors of record on Tuesday, November 30th will be given a dividend of $1.50 per share on Thursday, December 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend is Monday, November 29th.
View Altus Midstream's dividend history
.

Is Altus Midstream a good dividend stock?

Altus Midstream pays an annual dividend of $6.00 per share and currently has a dividend yield of 8.35%. ALTM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Altus Midstream does not yet have a strong track record of dividend growth. The dividend payout ratio of Altus Midstream is 116.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Altus Midstream will have a dividend payout ratio of 187.50% in the coming year. This indicates that Altus Midstream may not be able to sustain their current dividend.
View Altus Midstream's dividend history.

When did Altus Midstream's stock split? How did Altus Midstream's stock split work?

Altus Midstream shares reverse split on 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 Altus Midstream stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for ALTM?

2 analysts have issued 1-year price objectives for Altus Midstream's shares. Their forecasts range from $24.00 to $45.00. On average, they expect Altus Midstream's share price to reach $34.50 in the next twelve months. This suggests that the stock has a possible downside of 49.8%.
View analysts' price targets for Altus Midstream
or view top-rated stocks among Wall Street analysts.

Who are Altus Midstream's key executives?

Altus Midstream's management team includes the following people:
  • Jon William Sauer, Chairman & Senior Vice President
  • David Clay Bretches, President, Chief Executive Officer & Director (LinkedIn Profile)
  • Bryan Graham, Vice President-Operations
  • Ben C. Rodgers, Chief Financial Officer, Treasurer & Director
  • Jim Virginillo, Vice President-Engineering & Technology

What is Altus Midstream's stock symbol?

Altus Midstream trades on the NASDAQ under the ticker symbol "ALTM."

Who are Altus Midstream's major shareholders?

Altus Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (0.59%), Barnett & Company Inc. (0.47%), Geode Capital Management LLC (0.39%), Victory Capital Management Inc. (0.37%), Goldman Sachs Group Inc. (0.34%) and Invesco Ltd. (0.29%).
View institutional ownership trends for Altus Midstream
.

Which major investors are selling Altus Midstream stock?

ALTM stock was sold by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Morgan Stanley, Kayne Anderson Capital Advisors LP, California State Teachers Retirement System, Barnett & Company Inc., Dimensional Fund Advisors LP, and Pinnacle Holdings LLC.
View insider buying and selling activity for Altus Midstream
or view top insider-selling stocks.

Which major investors are buying Altus Midstream stock?

ALTM stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Goldman Sachs Group Inc., Two Sigma Advisers LP, Two Sigma Investments LP, Renaissance Technologies LLC, Citadel Advisors LLC, Tortoise Index Solutions LLC, and Geode Capital Management LLC.
View insider buying and selling activity for Altus Midstream
or or view top insider-buying stocks.

How do I buy shares of Altus Midstream?

Shares of ALTM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Altus Midstream's stock price today?

One share of ALTM stock can currently be purchased for approximately $68.66.

How much money does Altus Midstream make?

Altus Midstream has a market capitalization of $1.12 billion and generates $148.41 million in revenue each year. The company earns $80.48 million in net income (profit) each year or $5.13 on an earnings per share basis.

What is Altus Midstream's official website?

The official website for Altus Midstream is www.altusmidstream.com.

Where are Altus Midstream's headquarters?

Altus Midstream is headquartered at 2000 Post Oak Boulevard Suite 100, Houston TX, 77056.

How can I contact Altus Midstream?

Altus Midstream's mailing address is 2000 Post Oak Boulevard Suite 100, Houston TX, 77056. The company can be reached via phone at (713) 296-6000 or via email at [email protected].


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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