In a report released today, Mirek Zak from Citigroup maintained a Hold rating on Altus Midstream Company (ALTM), with a price target of $3.50. The company’s shares closed last Monday at $2.94, close to its 52-week low of $2.18.
According to TipRanks.com, Zak is ranked #3809 out of 5538 analysts.
Currently, the analyst consensus on Altus Midstream Company is a Hold with an average price target of $3.75.
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The company has a one-year high of $10.48 and a one-year low of $2.18. Currently, Altus Midstream Company has an average volume of 888.9K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALTM in relation to earlier this year.
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Altus Midstream Co. engages in the ownership of gas gathering, processing, and transmission assets. It focuses on the Permian Basin of West Texas. The company was founded on December 12, 2016 and is headquartered in Houston, TX.