Equities research analysts predict that Altus Midstream (NYSE:ALTM) will announce ($0.07) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Altus Midstream’s earnings. The business is expected to report its next earnings results on Thursday, August 1st.
On average, analysts expect that Altus Midstream will report full-year earnings of ($0.11) per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.30 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Altus Midstream.
Altus Midstream (NYSE:ALTM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.01 earnings per share for the quarter. The business had revenue of $33.85 million during the quarter.
In other news, CEO D. Clay Bretches purchased 20,000 shares of Altus Midstream stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of $5.20 per share, for a total transaction of $104,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kayne Anderson Capital Advisor sold 221,600 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.03, for a total transaction of $1,336,248.00. The disclosure for this sale can be found here.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALTM. Kayne Anderson Capital Advisors LP purchased a new position in shares of Altus Midstream during the 4th quarter valued at $118,970,000. HITE Hedge Asset Management LLC purchased a new position in shares of Altus Midstream during the 4th quarter valued at $27,938,000. Tortoise Capital Advisors L.L.C. bought a new stake in shares of Altus Midstream during the 4th quarter worth $26,268,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Altus Midstream by 268.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,491,440 shares of the company’s stock worth $8,799,000 after acquiring an additional 1,086,240 shares during the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Altus Midstream during the 4th quarter worth $8,282,000.
Altus Midstream stock traded down $0.25 during mid-day trading on Monday, reaching $3.99. The company’s stock had a trading volume of 920,089 shares, compared to its average volume of 493,856. Altus Midstream has a 12-month low of $3.90 and a 12-month high of $10.48.
Altus Midstream Company Profile
There is no company description available for Altus Midstream Co
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