A Technical Strategy for Altus Midstream Company (ALTM), Ollie’s Bargain Outlet Holdings Inc. (OLLI)

You should consider shares of Altus Midstream Company (NASDAQ:ALTM) and Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) if you are looking for a great stocks to invest in. Starting with the ALTM shares, which traded at $2.82 at the close of the recent session, gaining 4.44%. On Wednesday, the company’s shares shed $0.12 from its value which represented in intraday trading. The stock is now -1.40% lower in year-to-date (YTD) trading. ALTM’s intraday high was $2.85 while its lowest price touched $2.61. The stock’s 52-week high price is $9.46, which means the current price is at -70.18%. In terms of trading activity, the daily trading volume rose to 2266177 against 200-day average trading volume of 779,061 shares.

What are analyst forecasts for Altus Midstream Company (NASDAQ:ALTM)?

At a consensus rating of 3.33, ALTM is trending as a streaking Hold, as it has been the case a month ago when 3 analysts called it a Hold. Two months ago, 3 analysts recommended, on average, that ALTM stock is a Hold. The Basic Materials company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $2.69 on the day.

Forecasts for Altus Midstream Company (NASDAQ:ALTM) give the stock a fair value for the growth of 6.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $3.00, which means the price per share could rise by nearly $0.18. The price range target is between a low of $2.50 and a high of $5.00. The stock would need to gain by about $43.6 to hit the estimated high or 0.58% from its 12-month low.

The consensus among 3 analysts is that it is a good time for one to Hold in the Altus Midstream Company. 0 analysts rate ALTM as a Buy, with 0 of 3 analysts rate it as a Sell. 1 have valued the stock as Overweight and 2 have recommended that investors Hold.

Altus Midstream Company (NASDAQ:ALTM) Upgrades and Downgrades

In terms of rating changes, Credit Suisse on October 31, 2019, Downgrade Altus Midstream Company (ALTM) at Neutral. Analysts at Barclays have assigned a Equal Weight rating for the stock in their research note on April 16, 2019 with an estimated price target of $7. Moreover, Credit Suisse analysts issued a rating of Outperform for the stock on January 04, 2019, giving it a price target of $11 for the next 12 months. On December 07, 2018, the stock earned a Overweight rating due to an analyst call from Barclays.

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) adds -$0.27 on Wednesday

The OLLI stock has tanked -17.36% year-to-date and is currently trading at $53.97, which is -47.62% below its 52-week high. The company shares lost -0.50% on the day and have risen nearly 0.69% off a low hit. At current levels, Ollie’s Bargain Outlet Holdings Inc. has a valuation of about $1.38B. As of 01/15/20, this stock has fallen -11.22% during the week and closed at $54.24 in the previous session. However, recent Ollie’s Bargain Outlet Holdings Inc. stock performance shows that OLLI shares are -21.74% down over the last month, and -9.79% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.69, with the trailing 12-month share earnings at $2.13. The ratio is expected to be up by 8.70% for the current year 2019 and 16.60% for next year. Over the next 5-year period, earnings per share will be 16.05%. But will the OLLI stock surprise in the current quarter results, where the $0.41 actual EPS reported on 10/30/2019 surprised by 7.90% or was higher by $0.03 from the estimated $0.38.

Sales Growth to climb 13.90% for the year

How well will Ollie’s Bargain Outlet Holdings Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $438M and $446.5M in current quarter sales. The consensus estimated for the current quarter is $442.65M from sales. Forecasts for this fiscal year are between $1.42B and $1.44B and the consensus estimate for sales is at $1.43B.

Who owns shares in Ollie’s Bargain Outlet Holdings Inc. (OLLI)?

Let’s briefly focus on the share ownership of the Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) stock, where we find that 101.23% of shares are held by institutions. Price (T.Rowe) Associates Inc tops the list of institutional owners as it is holding 8.77 million shares or 13.77% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 4.9 million and 4.79 million representing 7.70% and 7.52% respectively at the close of the last trading session. As of Sep 29, 2019, Kayne Anderson Rudnick Investment Management LLC accounted for 4.12 million shares at over 241.44 million. This represented 6.47% of shares outstanding. Wasatch Advisors Inc held 2.91 million shares at over 170.41 million representing 4.56% of shares outstanding.

OLLI Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Ollie’s Bargain Outlet Holdings Inc. (OLLI), a total of 70372 shares have been sold by insiders over the last 6 months while 91049 shares were added in the same time span. On 2/04/2019, President & Chief Executive Officer by the name Butler Mark sold 55337.0 shares worth $4.4 million at the price of $80.21 per share. Filings also show that Segura Omar sold a total of 46000.0 shares on 3/13/2019 valued at $3.7 million. Since the last insider activity, the company’s share price has dropped -32.80%.