Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas.
Altus Midstream Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$67.80|
|52 Week High||US$9.44|
|52 Week Low||US$72.35|
|1 Month Change||3.53%|
|3 Month Change||9.35%|
|1 Year Change||510.81%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-65.76%|
Recent News & Updates
|ALTM||US Oil and Gas||US Market|
Return vs Industry: ALTM exceeded the US Oil and Gas industry which returned 72.7% over the past year.
Return vs Market: ALTM exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: ALTM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ALTM's weekly volatility has decreased from 30% to 6% over the past year.
About the Company
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.
Altus Midstream Fundamentals Summary
|ALTM fundamental statistics|
Is ALTM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ALTM income statement (TTM)|
|Cost of Revenue||US$40.97m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.38|
|Net Profit Margin||15.41%|
How did ALTM perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is Altus Midstream undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALTM ($67.8) is trading below our estimate of fair value ($103.31)
Significantly Below Fair Value: ALTM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALTM is poor value based on its PE Ratio (49x) compared to the US Oil and Gas industry average (19x).
PE vs Market: ALTM is poor value based on its PE Ratio (49x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ALTM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ALTM has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.
How is Altus Midstream forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ALTM's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if ALTM's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALTM's revenue is expected to decline over the next 3 years (-16.9% per year).
High Growth Revenue: ALTM's revenue is forecast to decline over the next 3 years (-16.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ALTM's Return on Equity is forecast to be high in 3 years time
How has Altus Midstream performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALTM has high quality earnings.
Growing Profit Margin: ALTM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ALTM has become profitable over the past 5 years, growing earnings by -38.5% per year.
Accelerating Growth: ALTM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ALTM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).
Return on Equity
High ROE: ALTM's Return on Equity (19.1%) is considered low.
How is Altus Midstream's financial position?
Financial Position Analysis
Short Term Liabilities: ALTM's short term assets ($98.2M) exceed its short term liabilities ($25.1M).
Long Term Liabilities: ALTM's short term assets ($98.2M) do not cover its long term liabilities ($854.5M).
Debt to Equity History and Analysis
Debt Level: ALTM's debt to equity ratio (67.4%) is considered high.
Reducing Debt: Insufficient data to determine if ALTM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ALTM's debt is well covered by operating cash flow (27.2%).
Interest Coverage: ALTM's interest payments on its debt are well covered by EBIT (8.8x coverage).
What is Altus Midstream current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALTM's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: ALTM's dividend (4.42%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether ALTM's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if ALTM's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50%), ALTM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALTM's dividends in 3 years are not forecast to be well covered by earnings (93.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Bretches (56 yo)
Mr. David Clay Bretches has been the Chief Executive officer, President and Director of Altus Midstream Company since January 16, 2019 and served as Chairman of the Board since April 2, 2020 until May 2020...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.33M) is about average for companies of similar size in the US market ($USD2.30M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: ALTM's management team is considered experienced (2.7 years average tenure).
Experienced Board: ALTM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Altus Midstream Company's employee growth, exchange listings and data sources
- Name: Altus Midstream Company
- Ticker: ALTM
- Exchange: NasdaqGM
- Founded: NaN
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$1.102b
- Market Cap: US$254.010m
- Shares outstanding: 16.25m
- Website: https://www.altusmidstream.com
- Altus Midstream Company
- One Post Oak Central
- Suite 100
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 22:02|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.