Altus Midstream (ALTM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $5.84 to $5.85
• 50-Day Range: $31.88 to $62.35
• 52-Week Range: $49.69 to $91.00
• Volume: 93.27 million shs
• Average Volume: 16.32 million shs
• Market Capitalization: $6.28 billion
• P/E Ratio: 21.63
• Dividend Yield: N/A
• Price Target: $4.81
• Consensus Rating: Hold

ALTM Stock Analysis - Frequently Asked Questions

How were Altus Midstream's earnings last quarter?

Altus Midstream (NASDAQ:ALTM) posted its earnings results on Thursday, November, 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $263.14 million. Altus Midstream had a net margin of 17.22% and a trailing twelve-month return on equity of 3.68%.

When did Altus Midstream's stock split?

Altus Midstream shares 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.

What other stocks do shareholders of Altus Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altus Midstream investors own include Invesco QQQ (QQQ), SPDR Dow Jones Industrial Average ETF Trust (DIA), SPDR S&P 500 ETF Trust (SPY), Energy Transfer (ET), Taiwan Semiconductor Manufacturing (TSM), Vale (VALE) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 7/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Industrial inorganic chemicals
• Sub-Industry: N/A
• Current Symbol: NASDAQ:ALTM
• 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: $4.81
• High Stock Price Target: $8.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: -17.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.27
• Trailing P/E Ratio: 21.63
• Forward P/E Ratio: 30.74
• P/E Growth: N/A
• Net Income: $330.10 million
• Net Margins: 17.22%
• Pretax Margin: 27.05%
• Return on Equity: 3.68%
• Return on Assets: 2.62%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 1.18
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: $882.50 million
• Price / Sales: 7.12
• Cash Flow: $2.37 per share
• Price / Cash Flow: 2.46
• Book Value: $12.70 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 1,075,630,000
• Free Float: 1,071,435,000
• Market Cap: $6.28 billion
• Optionable: Optionable
• Beta: 1.45