Altus Midstream (ALTM) Stock Forecast, Price & News

Altus Midstream (NASDAQ:ALTM) pays an annual dividend of $6.00 per share and currently has a dividend yield of 9.62%. ALTM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 116.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALTM will have a dividend payout ratio of 187.50% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALTM.

Altus Midstream's stock 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 market closes 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.

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

One share of ALTM stock can currently be purchased for approximately $34.25.

Altus Midstream (NASDAQ:ALTM) has a market capitalization of $556.43 million 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.

Altus Midstream's mailing address is 2000 Post Oak Boulevard Suite 100, Houston TX, 77056. The official website for the company is www.altusmidstream.com. The company can be reached via phone at (713) 296-6000 or via email at kaac@kaynecapital.com.