Morgan Stanley analyst Tom Abrams maintained a Hold rating on Dominion Midstream (NYSE: DM) today and set a price target of $18. The company’s shares closed yesterday at $17.90.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.8% and a 44.6% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Andeavor Logistics LP, and Enbridge Energy LP.
Currently, the analyst consensus on Dominion Midstream is a Hold with an average price target of $17.33.
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Based on Dominion Midstream’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $47.9 million. In comparison, last year the company had a net profit of $41.7 million.
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Dominion Energy Midstream Partners LP grows a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The company was founded on March 11, 2014 and is headquartered in Richmond, VA.
