Altus Midstream (ALTM) Stock Price, News & Analysis

Company Overview

Altus Midstream Co. engages in the ownership of gas gathering, processing, and transmission assets. It focuses on the Permian Basin of West Texas. The company was founded on December 12, 2016 and is headquartered in Houston, TX.

Key Stats

• Today's Range: $5.03 to $5.09
• 50-Day Range: $31.88 to $62.35
• 52-Week Range: $49.69 to $91.00
• Volume: 11.57 million shs
• Average Volume: 9.15 million shs
• Market Capitalization: $5.44 billion
• P/E Ratio: 18.74
• Dividend Yield: N/A
• Price Target: $5.37
• Consensus Rating: Hold

Altus Midstream Stock Analysis - MarketRank™

Altus Midstream scored higher than 30% of companies evaluated by MarketBeat, and ranked 166th out of 197 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Altus Midstream has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 1 buy rating, 14 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Altus Midstream has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 10.53%

Earnings Growth

Earnings for Altus Midstream are expected to grow by 10.53% in the coming year, from $0.19 to $0.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Altus Midstream is 18.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altus Midstream is 18.74, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.25.

Price to Book Value per Share Ratio

Altus Midstream has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALTM.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Altus Midstream does not currently pay a dividend.

Dividend Growth

Altus Midstream does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ALTM.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 6 people have searched for ALTM on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Altus Midstream to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Altus Midstream insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,155,929.00 in company stock.

Percentage Held by Insiders

Only 0.39% of the stock of Altus Midstream is held by insiders.

Percentage Held by Institutions

Only 27.00% of the stock of Altus Midstream is held by institutions.

ALTM Stock Analysis - Frequently Asked Questions

How were Altus Midstream's earnings last quarter?

Altus Midstream (NASDAQ:ALTM) posted its earnings results on Thursday, November, 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $203.10 million for the quarter, compared to the consensus estimate of $263.14 million. Altus Midstream had a net margin of 17.22% and a trailing twelve-month return on equity of 3.68%.

When did Altus Midstream's stock split?

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 closing bell on Tuesday, June 30th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Altus Midstream's major shareholders?

Top institutional shareholders of Altus Midstream include State Street Corp (3.46%), Geode Capital Management LLC (2.41%), Charles Schwab Investment Management Inc. (0.82%) and Wellington Management Group LLP (0.79%). Insiders that own company stock include Pablo Marcet, John Stephen Morris Turner and D Clay Bretches.
View institutional ownership trends.

What other stocks do shareholders of Altus Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altus Midstream investors own include Invesco QQQ (QQQ), SPDR Dow Jones Industrial Average ETF Trust (DIA), SPDR S&P 500 ETF Trust (SPY), Energy Transfer (ET), Taiwan Semiconductor Manufacturing (TSM), Vale (VALE) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Industrial inorganic chemicals
• Sub-Industry: N/A
• Current Symbol: NASDAQ:ALTM
• CUSIP: N/A
• CIK: 1692787
• Web: www.altusmidstream.com
• Phone: (713) 296-6000
• Fax: N/A
• Employees: 1,439
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.37
• High Stock Price Target: $9.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +6.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.12
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.27
• Trailing P/E Ratio: 18.74
• Forward P/E Ratio: 26.63
• P/E Growth: N/A
• Net Income: $330.10 million
• Net Margins: 17.22%
• Pretax Margin: 27.05%
• Return on Equity: 3.68%
• Return on Assets: 2.62%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 1.18
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: $882.50 million
• Price / Sales: 6.17
• Cash Flow: $2.34 per share
• Price / Cash Flow: 2.16
• Book Value: $12.70 per share
• Price / Book: 0.40

Miscellaneous

• Outstanding Shares: 1,075,630,000
• Free Float: 1,071,435,000
• Market Cap: $5.44 billion
• Optionable: Optionable
• Beta: 1.44