Altus Midstream Stock Forecast, Price & News

Altus Midstream's stock was trading at $20.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALTM stock has decreased by 50.6% and is now trading at $10.07.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altus Midstream in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell."
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Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Altus Midstream (NYSE:ALTM) announced its quarterly earnings data on Thursday, July, 30th. The company reported $2.16 EPS for the quarter, topping the Zacks' consensus estimate of $0.22 by $1.94. The firm earned $31.62 million during the quarter.
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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.

Some companies that are related to Altus Midstream include Alta Equipment Group (ALTG), Shift Technologies (SFT), Green Planet Bioengineering (GPLB), (ESWB) (ESWB), 1ST BANCSHARES/SH (FIBH), 1ST CITIZENS NA/SH (FSDK), 1ST CITRUS BANC/SH SH (FCIT), Apollo Strategic Growth Capital (APSGU), FLEETWOOD BK CO/SH CAP SH (FLEW), Legacy Ventures International (LGYV), Lionheart Acquisition Co. II (LCAPU), Macquarie Group (MQBKY), Quinsam Capital (QCAAF), RIVERNORTH OPPO/SH (RMI) and Turbo Global Partners (TREBU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Altus Midstream investors own include Ashford Hospitality Trust (AHT), Energy Transfer (ET), Diamond S Shipping (DSSI), Braemar Hotels & Resorts (BHR), Capital Product Partners (CPLP), Archrock (AROC), Enbridge (ENB), Enterprise Products Partners (EPD), GasLog Partners (GLOP) and Dorian LPG (LPG).

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 $10.07.

Altus Midstream has a market capitalization of $163.60 million.