NASDAQ:ALTM

Altus Midstream (ALTM) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$3.80
$3.96
50-Day Range
$31.88
$62.35
52-Week Range
$49.69
$91.00
Volume
9.02 million shs
Average Volume
8.47 million shs
Market Capitalization
$4.16 billion
P/E Ratio
2.45
Dividend Yield
N/A
Price Target
$7.06

Altus Midstream MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
82.2% Upside
$7.06 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Altus Midstream in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$66,662 Bought Last Quarter
Proj. Earnings Growth
17.86%
From $0.28 to $0.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Basic Materials Sector

25th out of 173 stocks

Industrial Inorganic Chemicals Industry

2nd out of 9 stocks

ALTM stock logo

About Altus Midstream Stock (NASDAQ:ALTM)

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.

ALTM Stock News Headlines

The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
The 3 Best Lithium Stocks to Buy in April 2024
7 Lithium Stocks to Buy on the Dip: March 2024
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
The Top 7 Lithium Stocks to Buy in March 2024
3 Top Lithium Stocks to Watch for the Coming Quarter
7 Top-Tier Penny Stocks for a Smart Bet
3 Millionaire-Maker Lithium Stocks to Buy in February 2024
Consider Arcadium Ahead of Lithium Rebound
Q1 2023 DT Midstream Inc Earnings Call
Altus Property Ventures Inc (APVI)
See More Headlines
Receive ALTM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Altus Midstream and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/22/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial inorganic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:ALTM
Fax
N/A
Employees
1,439
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.06
High Stock Price Target
$11.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+82.2%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$330.10 million
Pretax Margin
44.08%

Debt

Sales & Book Value

Annual Sales
$882.50 million
Cash Flow
$2.39 per share
Book Value
$12.70 per share

Miscellaneous

Outstanding Shares
1,074,400,000
Free Float
1,061,828,000
Market Cap
$4.16 billion
Optionable
Optionable
Beta
1.82
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

ALTM Stock Analysis - Frequently Asked Questions

Should I buy or sell Altus Midstream stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last year. There are currently 1 sell rating, 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ALTM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTM, but not buy additional shares or sell existing shares.
View ALTM analyst ratings
or view top-rated stocks.

What is Altus Midstream's stock price target for 2024?

10 brokers have issued 12 month target prices for Altus Midstream's stock. Their ALTM share price targets range from $5.00 to $11.00. On average, they predict the company's stock price to reach $7.06 in the next twelve months. This suggests a possible upside of 82.2% from the stock's current price.
View analysts price targets for ALTM
or view top-rated stocks among Wall Street analysts.

When is Altus Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ALTM earnings forecast
.

How can I listen to Altus Midstream's earnings call?

Altus Midstream will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Altus Midstream's earnings last quarter?

Altus Midstream (NASDAQ:ALTM) posted its quarterly earnings data on Thursday, February, 22nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by $0.02. The company had revenue of $181.80 million for the quarter, compared to the consensus estimate of $263.50 million. Altus Midstream had a net margin of 37.40% and a trailing twelve-month return on equity of 21.88%. The firm's revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS.

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.

Who are Altus Midstream's major shareholders?

Altus Midstream's stock is owned by a variety of retail and institutional investors. Top institutional investors include Leeward Investments LLC MA (0.31%), Paradiem LLC (0.05%), Raymond James Financial Services Advisors Inc. (0.03%), Leibman Financial Services Inc. (0.03%), Louisiana State Employees Retirement System (0.03%) and Accordant Advisory Group Inc (0.03%). Insiders that own company stock include D Clay Bretches and Pablo Marcet.
View institutional ownership trends
.

This page (NASDAQ:ALTM) was last updated on 4/25/2024 by MarketBeat.com Staff

From Our Partners