S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
NASDAQ:ALTM

Altus Midstream Stock Forecast, Price & News

$62.95
-0.68 (-1.07%)
(As of 01/21/2022 12:00 AM ET)
Add
Compare
Today's Range
$61.35
$63.74
50-Day Range
$61.03
$71.82
52-Week Range
$45.79
$91.00
Volume
58,687 shs
Average Volume
78,285 shs
Market Capitalization
$1.02 billion
P/E Ratio
12.27
Dividend Yield
9.43%
Beta
3.51
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
$2.80 per share
Book Value
($15.17) per share

Profitability

Net Income
$80.48 million
Pretax Margin
146.50%

Debt

Price-To-Earnings

Miscellaneous

Free Float
15,694,000
Market Cap
$1.02 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/30 Dividend
11/29/2021
Dividend Payable
12/30/2021
Today
1/23/2022
Next Earnings (Estimated)
2/24/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.11 out of 5 stars

Oils/Energy Sector

321st out of 361 stocks

Natural Gas Transmission Industry

29th out of 29 stocks

Analyst Opinion: 0.0Community Rank: 1.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Altus Midstream (NASDAQ:ALTM) Frequently Asked Questions

How has Altus Midstream's stock price been impacted by COVID-19 (Coronavirus)?

Altus Midstream's stock was trading at $20.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ALTM shares have increased by 208.6% and is now trading at $62.95.
View which stocks have been most impacted by COVID-19
.

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 were Altus Midstream's earnings last quarter?

Altus Midstream (NASDAQ:ALTM) posted its quarterly earnings data on Thursday, November, 4th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by $0.02. The company had revenue of $34.55 million for the quarter. Altus Midstream had a negative trailing twelve-month return on equity of 20.25% and a net margin of 69.18%.
View Altus Midstream's earnings history
.

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

Altus Midstream declared a quarterly dividend on Tuesday, November 2nd. Shareholders of record on Tuesday, November 30th will be paid a dividend of $1.50 per share on Thursday, December 30th. This represents a $6.00 annualized dividend and a dividend yield of 9.53%. The ex-dividend date 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 9.43%. 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?

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

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

Who are some of Altus Midstream's key competitors?

What is Altus Midstream's stock symbol?

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

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 $62.95.

How much money does Altus Midstream make?

Altus Midstream has a market capitalization of $1.02 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 1/23/2022 by MarketBeat.com Staff

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