Altus Midstream Company (ALTM): Price and Financial Metrics
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ALTM POWR Grades
- ALTM scores best on the Momentum dimension, with a Momentum rank ahead of 96.35% of US stocks.
- ALTM's strongest trending metric is Growth; it's been moving down over the last 179 days.
- ALTM ranks lowest in Growth; there it ranks in the 1st percentile.
ALTM Stock Summary
- Altus Midstream Co's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than merely 5.35% of US listed stocks.
- The ratio of debt to operating expenses for Altus Midstream Co is higher than it is for about 94.75% of US stocks.
- ALTM's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of just 2.69% of US stocks.
- Stocks with similar financial metrics, market capitalization, and price volatility to Altus Midstream Co are GTX, PZN, SDC, COHN, and LIVE.
- Visit ALTM's SEC page to see the company's official filings. To visit the company's web site, go to www.altusmidstream.com.
ALTM Valuation Summary
- ALTM's price/sales ratio is 7.2; this is 380% higher than that of the median Energy stock.
- Over the past 53 months, ALTM's price/sales ratio has gone NA NA.
- ALTM's price/earnings ratio has moved NA NA over the prior 53 months.
Below are key valuation metrics over time for ALTM.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| ALTM | 2021-09-03 | 7.2 | -2.1 | 10.2 | 8.5 |
| ALTM | 2021-09-02 | 7.3 | -2.1 | 10.2 | 8.5 |
| ALTM | 2021-09-01 | 7.2 | -2.1 | 10.1 | 8.4 |
| ALTM | 2021-08-31 | 7.3 | -2.1 | 10.2 | 8.5 |
| ALTM | 2021-08-30 | 7.2 | -2.1 | 10.0 | 8.4 |
| ALTM | 2021-08-27 | 7.3 | -2.1 | 10.3 | 8.5 |
ALTM's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- ALTM has a Quality Grade of B, ranking ahead of 86.27% of graded US stocks.
- ALTM's asset turnover comes in at 0.08 -- ranking 98th of 105 Utilities stocks.
- AM, SLNG, and NEP are the stocks whose asset turnover ratios are most correlated with ALTM.
The table below shows ALTM's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-06-30 | 0.080 | 0.721 | 0.081 |
| 2021-03-31 | 0.080 | 0.722 | 0.058 |
| 2020-12-31 | 0.087 | 0.724 | 0.037 |
| 2020-09-30 | 0.096 | 0.727 | -0.598 |
| 2020-06-30 | 0.081 | 0.697 | -0.579 |
| 2020-03-31 | 0.070 | 0.649 | -0.596 |
ALTM Price Target
For more insight on analysts targets of ALTM, see our ALTM price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $54.67 | Average Broker Recommendation | 2 (Hold) |
ALTM Stock Price Chart Interactive Chart >
ALTM Price/Volume Stats
| Current price | $62.35 | 52-week high | $91.00 |
| Prev. close | $65.71 | 52-week low | $49.69 |
| Day low | $58.66 | Volume | 392,800 |
| Day high | $66.28 | Avg. volume | 83,646 |
| 50-day MA | $63.77 | Dividend yield | 9.62% |
| 200-day MA | $66.53 | Market Cap | 1.01B |
Altus Midstream Company (ALTM) Company Bio
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.
Latest ALTM News From Around the Web
Below are the latest news stories about Altus Midstream Co that investors may wish to consider to help them evaluate ALTM as an investment opportunity.
Kinetik Issues 2022 Guidance and Announces Capital Allocation UpdateMIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”, the “Company” or “we”) today provided full year 2022 Guidance. Highlights Super-system interconnect to be completed in June 2022 allowing for 500 Mmcfpd of bi-directional capacity flow between the legacy Altus Midstream and BCP Raptor systemsUpside to original $50 million run-rate EBITDA synergy estimate, including a new gathering and processing agreement with ApacheFull redemption of t |
Altus Midstream is now KinetikKNTK will start trading on the NASDAQ effective tomorrow Kinetik also updates details on Independent Board Members MIDLAND, Texas and HOUSTON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (“Kinetik”, the “Company” or “we”) today announced the completion of the business combination of Altus Midstream Company (Nasdaq: ALTM) (“Altus”) and BCP Raptor Holdco LP (“BCP”), creating a unique, fully integrated midstream company. Kinetik is the only pure-play midstream company in the Texas Delaw |
Altus Midstream Announces Fourth-Quarter and Full-Year 2021 ResultsHOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2021 results. Results can be found on the company’s website at www.altusmidstream.com/investors. About Altus Midstream Company Altus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns gas gathering, processing and transmission assets servicing production in the Delaware Basin and owns equ |
Altus Midstream: This Unconventional Midstream Play Has Great Long And Short-Term PotentialNo summary available. |
Altus Midstream Shareholders Approve Combination With BCP Raptor HoldcoNewly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK”HOUSTON, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its shareholders voted in favor of the previously announced business combination with BCP Raptor Holdco, LP (“BCP”), the parent company of the EagleClaw Midstream business. The all-stock business combination is expected to close on or around Feb. 22, 2022 (“Closing”). New Company Name Altus also announced t |
ALTM Price Returns
| 1-mo | N/A |
| 3-mo | N/A |
| 6-mo | 0.40% |
| 1-year | -6.06% |
| 3-year | -7.97% |
| 5-year | N/A |
| YTD | 1.70% |
| 2021 | 41.87% |
| 2020 | -17.03% |
| 2019 | -63.00% |
| 2018 | -20.39% |
| 2017 | N/A |
ALTM Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
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Continue Researching ALTM
Want to do more research on Altus Midstream Co's stock and its price? Try the links below:Altus Midstream Co (ALTM) Stock Price | Nasdaq
Altus Midstream Co (ALTM) Stock Quote, History and News - Yahoo Finance
Altus Midstream Co (ALTM) Stock Price and Basic Information | MarketWatch
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