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
$3.79
$3.98
50-Day Range
$31.88
$62.35
52-Week Range
$49.69
$91.00
Volume
7.60 million shs
Average Volume
8.45 million shs
Market Capitalization
$4.27 billion
P/E Ratio
2.51
Dividend Yield
N/A
Price Target
$7.06

Altus Midstream MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
77.9% 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.

4.45 out of 5 stars

Basic Materials Sector

22nd out of 171 stocks

Industrial Inorganic Chemicals Industry

2nd out of 8 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

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See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
4/25/2024
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
+77.9%
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
$2.38 per share
Book Value
$12.70 per share

Miscellaneous

Outstanding Shares
1,074,400,000
Free Float
1,037,868,000
Market Cap
$4.27 billion
Optionable
Optionable
Beta
1.82
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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 Wall Street research analysts have issued 1 year target prices for Altus Midstream's stock. Their ALTM share price targets range from $5.00 to $11.00. On average, they expect the company's share price to reach $7.06 in the next year. This suggests a possible upside of 77.9% 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) released its quarterly earnings data on Thursday, February, 22nd. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.02. The company had revenue of $181.80 million for the quarter, compared to analyst estimates of $263.50 million. Altus Midstream had a trailing twelve-month return on equity of 21.88% and a net margin of 37.40%. The company's revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share.

When did Altus Midstream's stock split?

Altus Midstream's stock reverse split 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 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 number of institutional and retail investors. Top institutional shareholders include Leeward Investments LLC MA (0.31%), New York State Teachers Retirement System (0.05%), Paradiem LLC (0.05%), Raymond James Financial Services Advisors Inc. (0.03%), Leibman Financial Services Inc. (0.03%) and Louisiana State Employees Retirement System (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 4/26/2024 by MarketBeat.com Staff

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