NASDAQ:ALTM

Altus Midstream Stock Forecast, Price & News

$66.82
-0.40 (-0.60 %)
(As of 09/16/2021 02:35 PM ET)
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Today's Range
$65.97
$68.00
50-Day Range
$60.96
$69.92
52-Week Range
$9.44
$72.35
Volume926 shs
Average Volume52,435 shs
Market Capitalization$1.09 billion
P/E Ratio16.02
Dividend Yield9.27%
Beta3.89
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.

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MarketRank

Overall MarketRank

1.06 out of 5 stars

Oils/Energy Sector

306th out of 346 stocks

Natural Gas Transmission Industry

28th out of 29 stocks

Analyst Opinion: 0.5Community Rank: 1.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
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Altus Midstream (NASDAQ:ALTM) Frequently Asked Questions

Is Altus Midstream a buy right now?

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.
View analyst ratings for Altus Midstream
or view top-rated stocks.

What stocks does MarketBeat like better than Altus Midstream?

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.
View MarketBeat's top stock picks here.

When is Altus Midstream's next earnings date?

Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Altus Midstream
.

How were Altus Midstream's earnings last quarter?

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
.

How has Altus Midstream's stock been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

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

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
.

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 9.27%. 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.

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

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.

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 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%.
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

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."

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 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
.

Which major investors are selling Altus Midstream stock?

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.

Which major investors are buying Altus Midstream stock?

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.

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 $66.82.

How much money does Altus Midstream make?

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.

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 9/16/2021 by MarketBeat.com Staff
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