Analyzing Altus Midstream (ALTM) and Its Rivals

Altus Midstream (NASDAQ: ALTM) is one of 36 public companies in the “Natural gas transmission” industry, but how does it weigh in compared to its competitors? We will compare Altus Midstream to similar businesses based on the strength of its dividends, earnings, valuation, analyst recommendations, profitability, institutional ownership and risk.

Analyst Recommendations

This is a summary of current ratings for Altus Midstream and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Altus Midstream 0 0 0 0 N/A
Altus Midstream Competitors 623 2218 2641 102 2.40

As a group, “Natural gas transmission” companies have a potential upside of 37.44%. Given Altus Midstream’s competitors higher possible upside, analysts plainly believe Altus Midstream has less favorable growth aspects than its competitors.

Risk and Volatility

Altus Midstream has a beta of 1.09, indicating that its stock price is 9% more volatile than the S&P 500. Comparatively, Altus Midstream’s competitors have a beta of 2.12, indicating that their average stock price is 112% more volatile than the S&P 500.

Earnings and Valuation

This table compares Altus Midstream and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Altus Midstream $135.80 million -$1.34 billion 0.07
Altus Midstream Competitors $6.38 billion $570.90 million 39.01

Altus Midstream’s competitors have higher revenue and earnings than Altus Midstream. Altus Midstream is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Altus Midstream and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Altus Midstream -276.06% 1,143.02% 35.86%
Altus Midstream Competitors -8.51% 53.21% 5.35%

Insider and Institutional Ownership

47.4% of shares of all “Natural gas transmission” companies are owned by institutional investors. 3.4% of Altus Midstream shares are owned by insiders. Comparatively, 8.8% of shares of all “Natural gas transmission” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

Altus Midstream competitors beat Altus Midstream on 8 of the 10 factors compared.

About Altus Midstream

Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2019, its assets included approximately 178 miles of in-service natural gas gathering, 55 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 Company is a subsidiary of Apache Midstream LLC.

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