Altus Midstream Stock Forecast, Price & 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 stock has decreased by 41.3% and is now trading at $11.98.
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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."
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Altus Midstream is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Shares of Altus Midstream 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 Altus Midstream stock prior to the reverse split would have 5 shares after the split.

4 analysts have issued 12-month price targets 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 442.6% from the stock's current price.
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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), Lionheart Acquisition Co. II (LCAPU), Macquarie Group (MQBKY), Quinsam Capital (QCAAF), RIVERNORTH OPPO/SH (RMI), Turbo Global Partners (TREBU), UPD (ESWB) and VA BK BANKSHARE/SH (VABB).
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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), Archrock (AROC), Enterprise Products Partners (EPD), Equitrans Midstream (ETRN), Navios Maritime Partners (NMM), Teekay Lng Partners (TGP), Ashford Hospitality Trust (AHT), Enbridge (ENB) and NGL Energy Partners (NGL).

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

Altus Midstream's stock is owned by a number of retail and institutional investors. Top institutional investors include HITE Hedge Asset Management LLC (44.11%), Kayne Anderson Capital Advisors LP (34.32%), Goldman Sachs Group Inc. (23.94%), Gilder Gagnon Howe & Co. LLC (7.34%), Bridgeway Capital Management Inc. (2.86%) and Cutter & CO Brokerage Inc. (1.82%). Company insiders that own Altus Midstream stock include D Clay Bretches and Kayne Anderson Capital Advisor.
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ALTM stock was sold by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Goldman Sachs Group Inc., Kayne Anderson Capital Advisors LP, HITE Hedge Asset Management LLC, Charles Schwab Investment Management Inc., and UBS Group AG.
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ALTM stock was acquired by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Jane Street Group LLC, Blackstone Group Inc, Cutter & CO Brokerage Inc., Bank of America Corp DE, and Vident Investment Advisory 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 $11.98.

Altus Midstream has a market capitalization of $194.63 million.