Altus Midstream (NYSE:ALTM) Earns Hold Rating from Barclays

Altus Midstream (NYSE:ALTM)‘s stock had its “hold” rating reiterated by stock analysts at Barclays in a report issued on Wednesday, October 16th, AnalystRatings.com reports. They currently have a $3.00 price target on the stock. Barclays‘s price objective would indicate a potential upside of 42.86% from the company’s previous close.

Several other equities research analysts have also recently issued reports on ALTM. Citigroup decreased their price target on shares of Altus Midstream from $5.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, September 30th. Zacks Investment Research cut shares of Altus Midstream from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.06.

Shares of Altus Midstream stock traded down $0.10 during mid-day trading on Wednesday, hitting $2.10. 579,691 shares of the stock were exchanged, compared to its average volume of 694,756. Altus Midstream has a twelve month low of $2.10 and a twelve month high of $10.48. The company has a 50-day simple moving average of $2.48 and a 200 day simple moving average of $3.48.

In other Altus Midstream news, CEO D. Clay Bretches bought 20,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $2.36 per share, with a total value of $47,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 65,000 shares of company stock worth $155,500.

Several institutional investors and hedge funds have recently made changes to their positions in ALTM. Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Altus Midstream during the 3rd quarter worth about $28,000. Strs Ohio bought a new position in shares of Altus Midstream during the 2nd quarter worth approximately $49,000. United Services Automobile Association bought a new position in shares of Altus Midstream during the 2nd quarter worth approximately $50,000. Susquehanna International Group LLP bought a new position in shares of Altus Midstream during the 2nd quarter worth approximately $74,000. Finally, Walleye Trading Advisors LLC bought a new position in shares of Altus Midstream during the 2nd quarter worth approximately $77,000.

Altus Midstream Company Profile

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