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How to buy Altus Midstream Company (ALTM) stocks in Canada

Learn how to easily invest in Altus Midstream Company stocks.

Altus Midstream Company is an oil & gas midstream business based in the US. Altus Midstream Company stocks (ALTM.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $63.45 – an increase of 1.44% over the previous week. Altus Midstream Company employs 0 staff and has a trailing 12-month revenue of around $139.5 million.

How to buy shares in Altus Midstream Company

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – ALTM – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted Altus Midstream Company's stock price?

Since the stock market crash in March caused by coronavirus, Altus Midstream Company's stock price has had significant positive movement.

Its last market close was $64.77, which is 94.24% up on its pre-crash value of $3.73 and 11,511.69% up on the lowest point reached during the March crash when the stocks fell as low as $0.5578.

If you had bought $1,000 worth of Altus Midstream Company stocks at the start of February 2020, those stocks would have been worth $1,000.01 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $17,364.84.

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

Information last updated 2022-01-17.
Latest market close$64.77
52-week range$41.70 - $89.01
50-day moving average $63.92
200-day moving average $65.71
Wall St. target price$70.00
PE ratio 11.2938
Dividend yield $3 (9.43%)
Earnings per share (TTM) $5.74

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Altus Midstream Company price performance over time

Historical closes compared with the close of $64.77 from 2022-01-14

1 week (2022-01-12) 1.44%
1 month (2021-12-17) 1.27%
3 months (2021-10-19) -25.44%
6 months (2021-07-19) 6.25%
1 year (2021-01-19) 24.53%
2 years (2020-01-17) 2,344.15%
3 years (2019-01-18) 655.78%
5 years (2017-01-15) 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 11x. In other words, Altus Midstream Company shares trade at around 11x 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 $71.6 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 $139.5 million
Operating margin TTM 39.82%
Gross profit TTM $107.4 million
Return on assets TTM 1.92%
Return on equity TTM 21.54%
Profit margin 17.78%
Book value $19.43
Market capitalisation $242.7 million

TTM: trailing 12 months

Altus Midstream Company share dividends

65%

Dividend payout ratio: 65.48% of net profits

Recently Altus Midstream Company has paid out, on average, around 65.48% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.43% 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 9.43% return on their shares, in the form of dividend payments. In Altus Midstream Company's case, that would currently equate to about $3 per share.

Altus Midstream Company's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Altus Midstream Company's most recent dividend payout was on 29 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 November 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 $41.6994 up to $89.012. 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. 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. .

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