Altus Midstream Company (NASDAQ:ALTM) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.15 per share.
Looking ahead, the full year income are expected at $ 0.27 per share on the revenues of $ 137.86 million.
Previous Quarter Performance
Altus Midstream Company unfold loss for the second quarter of $ 0.07 per share, from the revenue of $ 31.62 million. Wall street analysts are predicting, ALTM to report 2Q20 income of $ 0.08 per share from revenue of $ 27.67 million. The bottom line results missed street analysts by $ 0.15 or 187.5 percent, at the same time, top line results outshined analysts by $ 3.95 million or 14.28 percent.
Stock Performance
Shares of Altus Midstream Company traded up $ 0.24 or 2.49 percent on Tuesday, reaching $ 9.89 with volume of 39.40 thousand shares. Altus Midstream Company has traded high as $ 10.19 and has cracked $ 9.70 on the downward trend
According to the previous trading day, closing price of $ 9.89, representing a 2.66 % increase from the 52 week low of $ 9.40 and a 83.81 % decrease over the 52 week high of $ 59.60.
The company has a market capital of $ 160.68 million and is part of the Energy sector and Oil & Gas Midstream industry.
Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2018, its assets included approximately 111 miles of natural gas gathering, 52 miles of residue gas, and 26 miles of natural gas liquids (NGL) pipelines; 5 gas processing facilities; 2 lean gas facilities; and an NGL truck loading terminal with 6 lease automatic custody transfer units and 8 NGL bullet tanks. The company is based in Houston, Texas.
