Altus Midstream (ALTM) Given $11.00 Consensus Target Price by Brokerages

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Altus Midstream (NYSE:ALTM) has earned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12 month consensus target price of $11.00 for the company, according to Zacks. Zacks has also assigned Altus Midstream an industry rank of 79 out of 255 based on the ratings given to related companies.

A number of brokerages recently weighed in on ALTM. Credit Suisse Group began coverage on shares of Altus Midstream in a research note on Friday, January 4th. They set an “outperform” rating and a $11.00 price objective on the stock. Barclays initiated coverage on Altus Midstream in a report on Friday, December 7th. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, Zacks Investment Research upgraded Altus Midstream from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Monday, January 14th.

Shares of ALTM traded up $0.12 during midday trading on Friday, hitting $6.44. 2,616,425 shares of the stock traded hands, compared to its average volume of 396,973. Altus Midstream has a 1-year low of $5.08 and a 1-year high of $10.48.

In other Altus Midstream news, major shareholder Kayne Anderson Capital Advisor sold 223,600 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $6.13, for a total transaction of $1,370,668.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTM. State Treasurer State of Michigan bought a new position in Altus Midstream in the fourth quarter valued at approximately $27,055,000. Citigroup Inc. bought a new position in Altus Midstream in the 4th quarter worth $8,282,000. Investment House LLC bought a new position in Altus Midstream in the 4th quarter worth $696,000. Albert D Mason Inc. bought a new position in Altus Midstream in the 4th quarter worth $358,000. Finally, Kepos Capital LP bought a new position in Altus Midstream in the 3rd quarter worth $10,425,000.

About Altus Midstream

There is no company description available for Altus Midstream Co

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