Altus Midstream (NYSE:ALTM) Receives Average Recommendation of “Hold” from Analysts
Altus Midstream (NYSE:ALTM) has been assigned a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Analysts have set a 12 month consensus price objective of $6.50 for the company and are predicting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Altus Midstream an industry rank of 81 out of 256 based on the ratings given to related companies.
Several brokerages have commented on ALTM. Citigroup upgraded Neste Oyj from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday. Finally, Barclays set a €45.00 ($52.33) price target on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th.
A number of institutional investors have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC acquired a new stake in shares of Altus Midstream in the first quarter valued at $25,000. Comerica Bank acquired a new stake in shares of Altus Midstream in the first quarter valued at $68,000. Geode Capital Management LLC acquired a new stake in shares of Altus Midstream in the fourth quarter valued at $95,000. Comerica Securities Inc. acquired a new stake in shares of Altus Midstream in the fourth quarter valued at $106,000. Finally, Cohen & Steers Inc. acquired a new stake in shares of Altus Midstream in the fourth quarter valued at $126,000.
ALTM stock traded up $0.12 during mid-day trading on Monday, reaching $3.66. 813,285 shares of the stock traded hands, compared to its average volume of 643,473. Altus Midstream has a 52-week low of $3.10 and a 52-week high of $10.48. The stock has a fifty day moving average of $4.00.
Altus Midstream (NYSE:ALTM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.01 EPS for the quarter. The company had revenue of $33.85 million for the quarter.
Altus Midstream Company Profile
There is no company description available for Altus Midstream Co
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