Altus Midstream Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Altus Midstream stock.
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Wall Street analysts have given Altus Midstream a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Altus Midstream wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Altus Midstream.

Altus Midstream (NASDAQ:ALTM) posted its earnings results on Thursday, August, 5th. The company reported $1.31 EPS for the quarter, missing the Zacks' consensus estimate of $1.45 by $0.14. The firm earned $35.59 million during the quarter. Altus Midstream had a negative trailing twelve-month return on equity of 22.85% and a net margin of 49.70%.
View Altus Midstream's earnings history.

Altus Midstream's stock was trading at $20.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ALTM stock has increased by 227.5% and is now trading at $66.82.
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Altus Midstream declared a quarterly dividend on Tuesday, August 3rd. Shareholders of record on Friday, August 27th will be given a dividend of $1.50 per share on Thursday, September 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend is Thursday, August 26th.
View Altus Midstream's dividend history.

Altus Midstream pays an annual dividend of $6.00 per share and currently has a dividend yield of 9.27%. 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 284.36%. 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 175.95% in the coming year. This indicates that Altus Midstream may not be able to sustain their current dividend.
View Altus Midstream's dividend history.

Shares of Altus Midstream reverse split before market open 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.

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 anticipate Altus Midstream's share price to reach $34.50 in the next year. This suggests that the stock has a possible downside of 48.4%.
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Some companies that are related to Altus Midstream include Equitrans Midstream (ETRN), Enable Midstream Partners (ENBL), EnLink Midstream (ENLC), Rattler Midstream (RTLR), USA Compression Partners (USAC), Archrock (AROC), Transportadora de Gas del Sur (TGS) and Summit Midstream Partners (SMLP).
View all of ALTM's competitors.

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

Altus Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.31%), Hotchkis & Wiley Capital Management LLC (1.12%), Vanguard Group Inc. (0.99%), Morgan Stanley (0.45%), Morgan Stanley (0.45%) and Geode Capital Management LLC (0.36%).
View institutional ownership trends for Altus Midstream.

ALTM stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Citigroup Inc., Hotchkis & Wiley Capital Management LLC, Blackstone Inc, Blackstone Inc, Pinnacle Holdings LLC, and Bank of America Corp DE.
View insider buying and selling activity for Altus Midstream or view top insider-selling stocks.

ALTM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Morgan Stanley, Morgan Stanley, Geode Capital Management LLC, Northern Trust Corp, Vanguard Group Inc., and Renaissance Technologies LLC.
View insider buying and selling activity for Altus Midstream or or view top insider-buying stocks.

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.
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One share of ALTM stock can currently be purchased for approximately $66.82.

Altus Midstream has a market capitalization of $1.09 billion and generates $148.41 million in revenue each year. The company earns $80.48 million in net income (profit) each year or $2.11 on an earnings per share basis.

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

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

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]