NYSE:ALTMAltus Midstream Stock Price, Forecast & News

Altus Midstream's stock was trading at $20.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ALTM shares have decreased by 41.8% and is now trading at $11.87. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Altus Midstream.

Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Altus Midstream.

Altus Midstream (NYSE:ALTM) announced its quarterly earnings data on Thursday, May, 7th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.20. The company had revenue of $40.77 million for the quarter. View Altus Midstream's earnings history.

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 market closes 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.

4 brokerages have issued 12 month target prices for Altus Midstream's shares. Their forecasts range from $60.00 to $70.00. On average, they anticipate Altus Midstream's stock price to reach $65.00 in the next year. This suggests a possible upside of 447.6% from the stock's current price. View analysts' price targets for Altus Midstream.

Press coverage about ALTM stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altus Midstream earned a news impact score of -2.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Altus Midstream.

Some companies that are related to Altus Midstream include Alta Equipment Group (ALTG), Green Planet Bio Engineering (GPLB), 1ST BANCSHARES/SH (FIBH), 1ST CITIZENS NA/SH (FSDK), 1ST CITRUS BANC/SH SH (FCIT), FLEETWOOD BK CO/SH CAP SH (FLEW), Legacy Ventures International (LGYV), Macquarie Group (MQBKY), Quinsam Capital (QCAAF), RIVERNORTH OPPO/SH (RMI), Turbo Global Partners (TREBU), UPD (ESWB) and VA BK BANKSHARE/SH (VABB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altus Midstream investors own include Energy Transfer LP Unit (ET), Capital Product Partners (CPLP), Enbridge (ENB), NGL Energy Partners (NGL), AGNC Investment (AGNC), Ashford Hospitality Trust (AHT), Enterprise Products Partners (EPD), Teekay Lng Partners (TGP), Vermilion Energy (VET) and Antero Midstream (AM).

Altus Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALTM."

Shares of ALTM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ALTM stock can currently be purchased for approximately $11.87.

Altus Midstream has a market capitalization of $1.93 billion.