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Altus Midstream Company (ALTM)

NASDAQ: ALTM · IEX Real-Time Price · USD
69.50 0.32 (0.46%)
Sep 24, 2021 3:27 PM EDT - Market open
Market Cap1.12B
Revenue (ttm)145.17M
Net Income (ttm)103.57M
Shares Out3.75M
EPS (ttm)5.57
PE Ratio12.47
Forward PE8.30
Dividend$3.00 (4.32%)
Ex-Dividend DateAug 26, 2021
Volume34,817
Open68.76
Previous Close69.18
Day's Range68.34 - 70.05
52-Week Range8.79 - 70.71
Beta4.47
AnalystsSell
Price Target54.67 (-21.3%)
Est. Earnings DateNov 3, 2021

About ALTM

Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2020, its assets included approximately 182 miles of in-service natural gas gathering, 46 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.

IndustryOil, Gas & Consumable Fuels
Stock ExchangeNASDAQ
Ticker SymbolALTM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for ALTM stock is "Sell." The 12-month stock price forecast is 54.67, which is a decrease of -21.34% from the latest price.

Price Target
$54.67
(-21.34% downside)
Analyst Consensus: Sell

News

Altus Midstream Announces Second-Quarter 2021 Results

HOUSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced second-quarter 2021 results. Results can be found on the company's website by visiting www.altusmidstrea...

1 month ago - GlobeNewsWire

Altus Midstream Declares Cash Dividend on Class A Common Shares

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its board of directors has declared a cash dividend on the company's Class A common shares.

1 month ago - GlobeNewsWire

Altus Midstream (ALTM) Sees Hammer Chart Pattern: Time to Buy?

Altus Midstream (ALTM) has been struggling lately, but the selling pressure may be coming to an end soon.

1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 26th

ALTM, OMF, MBWM, and RGP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 26, 2021.

Other symbols:MBWMOMFRGP
1 month ago - Zacks Investment Research

Altus Midstream Company to Host Second-Quarter 2021 Results Conference Call August 5 at 1 P.M. Central Time

HOUSTON, July 19, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its second-quarter 2021 results conference call Thursday, Aug. 5, 2021 at 1 p.m. Central time. The c...

2 months ago - GlobeNewsWire

7 Best Energy Stocks To Buy In July 2021

Energy stocks make a lot of sense right now given travel and pent up demand. These picks have strength beyond broad economic forces.

Other symbols:DHTEURNGLNGNEERUNSLB
2 months ago - InvestorPlace

Altus Midstream Announces Estimated First-Quarter 2021 Results

HOUSTON, May 05, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its estimated first-quarter 2021 results. Estimated results can be found on the company's website by visi...

4 months ago - GlobeNewsWire

Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index

DALLAS, April 23, 2021 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the "Index"). On Marc...

Other symbols:CVX
5 months ago - PRNewsWire

Altus Midstream Company to Host First-Quarter 2021 Results Conference Call May 6 at 1 p.m. Central Time

HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its first-quarter 2021 results conference call Thursday, May 6, 2021 at 1 p.m. Central time. The co...

5 months ago - GlobeNewsWire

APA Completes the Formation of New Holding Company

The new holding company APA replaces Apache (which used to trade on the Nasdaq stock exchange) as the public company.

Other symbols:APADENMTDR
6 months ago - Zacks Investment Research

Altus Midstream Announces Fourth-Quarter and Full-Year 2020 Results

HOUSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2020 results on its website at www.altusmidstream.com/investors.

6 months ago - GlobeNewsWire

Altus Midstream Company to Host Fourth-Quarter and Full-Year 2020 Results Conference Call Feb. 25 at 1 p.m. Central Time

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 1 p.m. Cen...

8 months ago - GlobeNewsWire

Wall Street Unfazed by Lingering Unease in Washington: 5 Picks

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 DocuSign ...

Other symbols:CCDHIDOCUHOG
8 months ago - Zacks Investment Research

Midstream Santa Rally Melts

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, this year...

8 months ago - Seeking Alpha

Altus Midstream's (ALTM) Shares March Higher, Can It Continue?

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

9 months ago - Zacks Investment Research

Altus Midstream Initiates Cash Dividend on Common Shares

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

9 months ago - GlobeNewsWire

Why Altus Midstream (ALTM) Stock Might be a Great Pick

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

9 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for December 4th

Top Ranked Momentum Stocks to Buy for December 4th

Other symbols:BRKSPDCOSCHN
9 months ago - Zacks Investment Research

Moving Average Crossover Alert: Altus Midstream Company (ALTM)

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.

9 months ago - Zacks Investment Research

How We Were Able To Buy Altus Midstream With An Implied 33.6% Dividend Yield

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 pipeline.

9 months ago - Seeking Alpha

Midstream Parade Goes On

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 expected to ...

9 months ago - Seeking Alpha

10 Winning Stocks To Buy After Big Q3 Earnings Results

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 Results appe...

9 months ago - InvestorPlace

Midstream Hosts Another Large Gathering

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

10 months ago - Seeking Alpha

Altus Midstream Announces Boggling Earnings

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 major pip...

10 months ago - Seeking Alpha

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

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

10 months ago - Seeking Alpha