How to buy Altus Midstream Company (ALTM) stock

Altus Midstream Company is an oil & gas midstream business based in the US. Altus Midstream Company shares (ALTM) are listed on the NASDAQ and all prices are listed in US Dollars.

Altus Midstream Company stock price (NASDAQ: ALTM)

Use our graph to track the performance of ALTM stocks over time.

Altus Midstream Company shares at a glance

• Key figures

Information last updated 2021-07-16.

Latest market close	$62.98
52-week range	$8.99 - $72.35
50-day moving average	$67.35
200-day moving average	$58.09
Wall St. target price	$46.75
PE ratio	24.3954
Dividend yield	$1.5 (2.33%)
Earnings per share (TTM)	$2.63

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Is it a good time to buy Altus Midstream Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Altus Midstream Company by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Altus Midstream Company price performance over time

Historical closes compared with the close of $62.98 from 2021-05-28

1 week (2021-07-12)	N/A
1 month (2021-06-23)	-8.88%
3 months (2021-04-19)	N/A
6 months (2021-01-19)	N/A

1 year (2020-07-19)	N/A
2 years (2019-07-19)	N/A
3 years (2018-07-19)	N/A
5 years (2016-07-19)	N/A

Is Altus Midstream Company under- or over-valued?

Valuing Altus Midstream Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Altus Midstream Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Altus Midstream Company's P/E ratio

Altus Midstream Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, Altus Midstream Company shares trade at around 24x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Altus Midstream Company's EBITDA

Altus Midstream Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $74.1 million.

The EBITDA is a measure of a Altus Midstream Company's overall financial performance and is widely used to measure a its profitability.

Altus Midstream Company financials

Revenue TTM	$141.7 million
Operating margin TTM	41%
Gross profit TTM	$107.4 million
Return on assets TTM	2.12%
Return on equity TTM	14.17%
Profit margin	6.95%
Book value	$19.43
Market capitalisation	$1 billion

TTM: trailing 12 months

Shorting Altus Midstream Company shares

There are currently 268,934 Altus Midstream Company shares held short by investors – that's known as Altus Midstream Company's "short interest". This figure is 56.6% up from 171,771 last month.

There are a few different ways that this level of interest in shorting Altus Midstream Company shares can be evaluated.

Altus Midstream Company's "short interest ratio" (SIR)

Altus Midstream Company's "short interest ratio" (SIR) is the quantity of Altus Midstream Company shares currently shorted divided by the average quantity of Altus Midstream Company shares traded daily (recently around 71146.560846561). Altus Midstream Company's SIR currently stands at 3.78. In other words for every 100,000 Altus Midstream Company shares traded daily on the market, roughly 3780 shares are currently held short.

However Altus Midstream Company's short interest can also be evaluated against the total number of Altus Midstream Company shares, or, against the total number of tradable Altus Midstream Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Altus Midstream Company's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Altus Midstream Company shares in existence, roughly 10 shares are currently held short) or 0.057% of the tradable shares (for every 100,000 tradable Altus Midstream Company shares, roughly 57 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Altus Midstream Company.

Find out more about how you can short Altus Midstream Company stock.

Altus Midstream Company share dividends

Dividend payout ratio: 28.38% of net profits

Recently Altus Midstream Company has paid out, on average, around 28.38% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Altus Midstream Company shareholders could enjoy a 8.87% return on their shares, in the form of dividend payments. In Altus Midstream Company's case, that would currently equate to about $1.5 per share.

While Altus Midstream Company's payout ratio might seem fairly standard, it's worth remembering that Altus Midstream Company may be investing much of the rest of its net profits in future growth.

Altus Midstream Company's most recent dividend payout was on 29 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 May 2021 (the "ex-dividend date").

Have Altus Midstream Company's shares ever split?

Altus Midstream Company's shares were split on a 1:20 basis on 30 June 2020. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Altus Midstream Company shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Altus Midstream Company shares which in turn could have impacted Altus Midstream Company's share price.

Altus Midstream Company share price volatility

Over the last 12 months, Altus Midstream Company's shares have ranged in value from as little as $8.9919 up to $72.3499. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Altus Midstream Company's is 4.4899. This would suggest that Altus Midstream Company's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Altus Midstream Company overview

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. .

Frequently asked questions

What percentage of Altus Midstream Company is owned by insiders or institutions?
Currently 12.128% of Altus Midstream Company shares are held by insiders and 37.995% by institutions. When does the fiscal year end for Altus Midstream Company?
Altus Midstream Company's fiscal year ends in December. Where is Altus Midstream Company based?
Altus Midstream Company's address is: One Post Oak Central, Houston, TX, United States, 77056-4400 What is Altus Midstream Company's ISIN number?
Altus Midstream Company's international securities identification number is: US02215L2097 What is Altus Midstream Company's CUSIP number?
Altus Midstream Company's Committee on Uniform Securities Identification Procedures number is: 02215L100