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Altus Midstream Company (ALTM)

Stock Price: $48.27 USD -1.72 (-3.44%)
Updated Jan 21, 2021 4:00 PM EST - Market closed
Market Cap 784.22M
Revenue (ttm) 156.36M
Net Income (ttm) -1.38B
Shares Out 3.75M
EPS (ttm) -100.79
PE Ratio n/a
Forward PE 12.69
Dividend $6.00
Dividend Yield 12.43%
Trading Day January 21
Last Price $48.27
Previous Close $49.99
Change ($) -1.72
Change (%) -3.44%
Day's Open 49.95
Day's Range 47.92 - 50.34
Day's Volume 70,101
52-Week Range 9.55 - 52.01

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GlobeNewsWire - 15 hours ago

HOUSTON, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its fourth-quarter and full-year 2020 results conference call Thursday, Feb. 25, 2021, at ...

Zacks Investment Research - 1 week ago

Expectations about stimulus package, Fed's supportive stance, and vaccine rollout have helped investors remain optimistic, which calls for investing in growth stocks like D.R. Horton (DHI) and...

Other stocks mentioned: CC, DHI, DOCU, HOG
Seeking Alpha - 3 weeks ago

The midstream group is clinging to a positive month of performance with just 4 more trading days left, but midstream is way off the pace of the S&P 500, utilities and infrastructure this week,...

Other stocks mentioned: AM, BKEP, ENB, KMI, MMLP, NGL, NS, OKE, PAA, PAGP, PBA, TRP, WMB
Zacks Investment Research - 1 month ago

As of late, it has definitely been a great time to be an investor in Altus Midstream Company (ALTM).

GlobeNewsWire - 1 month ago

Declares $1.50 per share quarterly dividend for annualized rate of $6 per share Declares $1.50 per share quarterly dividend for annualized rate of $6 per share

Zacks Investment Research - 1 month ago

Altus Midstream (ALTM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Zacks Investment Research - 1 month ago

Top Ranked Momentum Stocks to Buy for December 4th

Other stocks mentioned: BRKS, PDCO, SCHN
Zacks Investment Research - 1 month ago

Altus Midstream Company (ALTM) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Seeking Alpha - 1 month ago

The spice must flow: Natural gas demand isn't going anywhere. Altus Midstream has signaled a $6 dividend for 2021. This is well supported by cash flows from existing assets and the new PHP pip...

Seeking Alpha - 1 month ago

Energy stocks (midstream included) continued their recent run of positive stock performance in this short week, helped by ongoing positive vaccine data points. The OPEC meeting next week is ex...

Other stocks mentioned: AM, ARLP, BSM, DKL, ENB, ENBL, ETRN, GEL, HESM, IPPLF, KMI, LNG, NGL, OKE, OMP, PAGP, SHLX, SUN, TRP, WLKP, WMB
InvestorPlace - 1 month ago

These 10 stocks soared after earnings reports that not only provided a short-term boost, but strengthened the long-term case as well. The post 10 Winning Stocks To Buy After Big Q3 Earnings Re...

Other stocks mentioned: ALGN, APPN, CPS, EBIX, GE, SNAP, SPG, SUP, TTD
Seeking Alpha - 1 month ago

Another vaccine update, another rally for energy stocks and midstream stocks. Midstream was green all week until taking a breather Friday.

Other stocks mentioned: AM, ENLC, EPD, ET, ETRN, EVA, NS, OKE, PAA, PBA, SPH, SRE, TRGP, TRP, WES, WMB
Seeking Alpha - 2 months ago

Altus Midstream announced mind-boggling earnings, including no significant changes in their financial picture, but a large dividend. The company is effectively a cash flow holding company in 4...

Seeking Alpha - 2 months ago

Altus Midstream Company (ALTM) CEO Clay Bretches on Q3 2020 Results - Earnings Call Transcript

GlobeNewsWire - 2 months ago

HOUSTON, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its third-quarter 2020 results on its website at www.altusmidstream.com/investors.

GlobeNewsWire - 3 months ago

HOUSTON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its third-quarter 2020 results conference call Thursday, Nov. 5, 2020, at 1 p.m. Central t...

Benzinga - 4 months ago

Altus Midstream (NASDAQ: ALTM) and Halliburton Company (NYSE: HAL) shares are trading lower on Monday amid weakness in the price of oil.

Other stocks mentioned: HAL
Seeking Alpha - 4 months ago

Altus Midstream: A 'One Year Out' Cash-Flow Machine

Seeking Alpha - 4 months ago

Altus Midstream: A Unique Midstream Ownership Opportunity

Seeking Alpha - 5 months ago

Altus Midstream Company (ALTM) CEO Clay Bretches on Q2 2020 Results - Earnings Call Transcript

GlobeNewsWire - 5 months ago

HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its second-quarter 2020 results on its website at www.altusmidstream.com/investors .

GlobeNewsWire - 6 months ago

HOUSTON, July 15, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its second-quarter 2020 results conference call Thursday, July 30, 2020, at 1 p.m. Centr...

GlobeNewsWire - 6 months ago

HOUSTON, June 29, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced that effective at 5:30 p.m. Eastern time on June 30, 2020, the company will affect...

Seeking Alpha - 8 months ago

Altus Midstream Company (ALTM) CEO David Bretches on Q1 2020 Results - Earnings Call Transcript

Seeking Alpha - 10 months ago

Altus Midstream Company (ALTM) CEO Clay Bretches on Q4 2019 Results - Earnings Call Transcript

GlobeNewsWire - 11 months ago

HOUSTON, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced that Altus Midstream LP (“Altus Midstream”) has exited the initial period under it...

The Motley Fool - 1 year ago

Altus Midstream’s earnings will reach new heights next year as its expansion-related investments start paying dividends.

Seeking Alpha - 1 year ago

Altus Midstream Company (ALTM) CEO Clay Bretches on Q3 2019 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

ALTM has been thrown to the wolves. With current prices we are buying top tier pipelines at 10x EBITDA and we are getting Alpine High midstream infrastructure for "free".

GuruFocus - 1 year ago

CEO of Altus Midstream Co (30-Year Financial, Insider Trades) D. Clay Bretches (insider trades) bought 25,000 shares of ALTM on 08/14/2019 at an average price of $2.58 a share.

Seeking Alpha - 1 year ago

Altus Midstream Company (ALTM) CEO Clay Bretches on Q2 2019 Results - Earnings Call Transcript

The Motley Fool - 1 year ago

Little-known Altus Midstream’s earnings will skyrocket as its pipeline investments begin paying dividends.

Zacks Investment Research - 1 year ago

With oil production projected to grow rapidly in the coming days, flaring is bound to surge. It remains to be seen whether it affects oil drillers' production capacity.

Other stocks mentioned: KMI, MPLX, TRGP, WMB
GuruFocus - 1 year ago

Details the CEO buys this past week for the following companies: AXA Equitable Holdings, Liberty Latin America, Karuna Therapeutics, Esperion Therapeutics and Altus Midstream

Other stocks mentioned: EQH, ESPR, KRTX, LILA, LILAK
GuruFocus - 1 year ago

Stocks that have tumbled more than 59% over the past 52 weeks of trading are often called "falling knives.

Other stocks mentioned: CDEV
Seeking Alpha - 1 year ago

This new issue has dropped to the point where potential investors may want to do their homework.

Seeking Alpha - 1 year ago

Altus Midstream Company's (ALTM) CEO Clay Bretches on Q1 2019 Results - Earnings Call Transcript

The Motley Fool - 1 year ago

(Altus Midstream): In September 2016, oil and gas giant Apache (NYSE:APA) unveiled the Alpine High discovery in an underexplored area of the Permian Basin.

About ALTM

Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2019, its assets included approximately 178 miles of in-service natural gas gathering, 55 miles of residue gas, and 38 miles of natural gas liquids (NGL) pipelines; three cryogenic processing trains; and an NGL truck loading terminal with six lease automatic custody transfer units and eight NGL bullet tanks. The company is based in Houston, Texas. Altus Midstream Company is a subsidiary of Apache Midstream LLC.

Industry
Oil & Gas Midstream
CEO
David Clay Bretches
Stock Exchange
NASDAQ
Ticker Symbol
ALTM
Full Company Profile

Financial Performance

In 2019, ALTM's revenue was $135.80 million, an increase of 76.94% compared to the previous year's $76.75 million. Losses were -$1.34 billion, 560,109.2% more than in 2018.

Financial Statements

Analyst Forecasts

According to 4 analysts, the average rating for ALTM stock is "Sell." The 12-month stock price forecast is 36.00, which is a decrease of -25.42% from the latest price.

Price Target
$36.00
(-25.42% downside)
Analyst Consensus: Sell