NYSE:ALTMAltus Midstream Stock Price, Forecast & News

Altus Midstream's stock was trading at $1.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALTM shares have decreased by 38.2% and is now trading at $0.6301. 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 earnings results on Monday, March, 16th. The company reported $8.77 earnings per share (EPS) for the quarter. The business earned $43.80 million during the quarter. View Altus Midstream's earnings history.

4 equities research analysts have issued 1 year target prices for Altus Midstream's shares. Their forecasts range from $3.00 to $3.50. On average, they expect Altus Midstream's stock price to reach $3.25 in the next twelve months. This suggests a possible upside of 415.8% from the stock's current price. View analysts' price targets for Altus Midstream.

Headlines about ALTM stock have been trending very negative on Friday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altus Midstream earned a coverage optimism score of -3.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutAltus 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), 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."

Altus Midstream's stock is owned by many different institutional and retail investors. Top institutional investors include HITE Hedge Asset Management LLC (2.26%), Kayne Anderson Capital Advisors LP (1.77%), Davis Selected Advisers (1.17%), BlackRock Inc. (1.02%), Tortoise Capital Advisors L.L.C. (1.01%) and Richmond Hill Investments LLC (0.48%). Company insiders that own Altus Midstream stock include D Clay Bretches and Kayne Anderson Capital Advisor. View institutional ownership trends for Altus Midstream.

ALTM stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Morgan Stanley, Tortoise Capital Advisors L.L.C., Deutsche Bank AG, Kayne Anderson Capital Advisors LP, Citigroup Inc., BlackRock Inc., and UBS Group AG. View insider buying and selling activity for Altus Midstream.

ALTM stock was purchased by a variety of institutional investors in the last quarter, including HITE Hedge Asset Management LLC, Richmond Hill Investments LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Bank of New York Mellon Corp, Vident Investment Advisory LLC, Harvest Fund Advisors LLC, State Street Corp, and 9258 Wealth Management LLC. View insider buying and selling activity for Altus Midstream.

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 $0.63.

Altus Midstream has a market capitalization of $204.74 million.