Company Info:
Altus Midstream Co, formerly Kayne Anderson Acquisition Corp., is a pure-play, Permian Basin midstream C-corporation. The Company owns gas gathering, processing and transportation assets in Alpine High, an unconventional resource play in the Delaware Basin. The Company also owns options for equity participation in five gas, natural gas liquids (NGL) and crude oil pipeline projects from the Permian Basin. Its assets includes 150 miles of transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities.
Latest News:
Altus Midstream (NASDAQ: ALTM) is building out midstream infrastructure in the Permian Basin to support the growth of its oil and natural gas producing parent, Apache (NYSE: APA). The company is investing in long-haul pipelines as well as constructing new natural gas gathering systems and processing plants. This infrastructure will help move what Apache extracts to market centers along the Gulf Coast. As these assets enter service, they'll supply Altus with steady cash flow backed by long-term contracts with Apache and other customers.
Given the number of midstream assets Altus and its partners have under construction, the company is on track to significantly grow earnings over the next two years. That upcoming upside makes it one of the most compelling growth stocks in its sector. (Source: finance.yahoo.c...-021700774.html?.tsrc=rss)
Short Interest:
5.37M 06/28/19
P/E Ratio (with extraordinary items)
235.41
Average Analyst Price Prediction: $5.88
Recommendation Overweight (Update Required)
Altus Midstream Co, formerly Kayne Anderson Acquisition Corp., is a pure-play, Permian Basin midstream C-corporation. The Company owns gas gathering, processing and transportation assets in Alpine High, an unconventional resource play in the Delaware Basin. The Company also owns options for equity participation in five gas, natural gas liquids (NGL) and crude oil pipeline projects from the Permian Basin. Its assets includes 150 miles of transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities.
Latest News:
Altus Midstream (NASDAQ: ALTM) is building out midstream infrastructure in the Permian Basin to support the growth of its oil and natural gas producing parent, Apache (NYSE: APA). The company is investing in long-haul pipelines as well as constructing new natural gas gathering systems and processing plants. This infrastructure will help move what Apache extracts to market centers along the Gulf Coast. As these assets enter service, they'll supply Altus with steady cash flow backed by long-term contracts with Apache and other customers.
Given the number of midstream assets Altus and its partners have under construction, the company is on track to significantly grow earnings over the next two years. That upcoming upside makes it one of the most compelling growth stocks in its sector. (Source: finance.yahoo.c...-021700774.html?.tsrc=rss)
Short Interest:
5.37M 06/28/19
P/E Ratio (with extraordinary items)
235.41
Average Analyst Price Prediction: $5.88
Recommendation Overweight (Update Required)
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