Altus Midstream (NYSE:ALTM) – Investment analysts at US Capital Advisors dropped their Q1 2019 earnings estimates for Altus Midstream in a report released on Monday, March 18th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.02. US Capital Advisors also issued estimates for Altus Midstream’s Q2 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.08 EPS, Q1 2020 earnings at $0.13 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.19 EPS and FY2020 earnings at $0.61 EPS.

A number of other research analysts have also weighed in on ALTM. Zacks Investment Research lowered Altus Midstream from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Barclays assumed coverage on Altus Midstream in a research report on Friday, December 7th. They set an “overweight” rating and a $10.00 price objective for the company. Finally, Credit Suisse Group assumed coverage on Altus Midstream in a research report on Friday, January 4th. They set an “outperform” rating and a $11.00 price objective for the company.

Shares of Altus Midstream stock opened at $6.29 on Wednesday. Altus Midstream has a twelve month low of $5.08 and a twelve month high of $10.48.

In related news, major shareholder Kayne Anderson Capital Advisor sold 107,114 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $7.09, for a total value of $759,438.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in shares of Altus Midstream in the 4th quarter valued at about $95,000. Opera Trading Capital bought a new position in shares of Altus Midstream in the 4th quarter valued at about $103,000. Comerica Securities Inc. bought a new position in shares of Altus Midstream in the 4th quarter valued at about $106,000. Cohen & Steers Inc. bought a new position in shares of Altus Midstream in the 4th quarter valued at about $126,000. Finally, Tortoise Index Solutions LLC bought a new position in shares of Altus Midstream in the 4th quarter valued at about $156,000.

About Altus Midstream

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Earnings History and Estimates for Altus Midstream (NYSE:ALTM)

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