Shares of Altus Midstream Company (NASDAQ:ALTM) traded at a new 52-week high today of $58.00. This new high was reached on above average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 56,000 shares.
In the past 52 weeks, Altus Midstream Company share prices are bracketed by a low of $9.40 and a high of $58.00 and is now at $56.70, 503% above that low price.
Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.
Altus Midstream Company (NASDAQ:ALTM) is currently priced 12.9% above its average consensus analyst price target of $49.38.
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