Altus Midstream (NYSE:ALTM) Trading Down 4%

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Altus Midstream (NYSE:ALTM)’s stock price fell 4% during mid-day trading on Tuesday . The company traded as low as $1.74 and last traded at $1.68, 3,941 shares were traded during trading. A decline of 99% from the average session volume of 709,383 shares. The stock had previously closed at $1.75.

A number of brokerages have recently issued reports on ALTM. Credit Suisse Group cut Altus Midstream from an “outperform” rating to a “neutral” rating in a report on Thursday, October 31st. Citigroup decreased their target price on Altus Midstream from $5.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, September 30th. Barclays reiterated a “hold” rating and set a $3.00 target price on shares of Altus Midstream in a report on Wednesday, October 16th. Finally, Zacks Investment Research cut Altus Midstream from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st.

The stock has a fifty day moving average price of $2.31 and a 200-day moving average price of $3.34.

In other news, CEO D. Clay Bretches bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $2.36 per share, for a total transaction of $47,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several large investors have recently modified their holdings of ALTM. Strs Ohio purchased a new stake in shares of Altus Midstream during the 2nd quarter worth about $49,000. Wells Fargo & Company MN acquired a new position in Altus Midstream during the 2nd quarter worth approximately $240,000. JPMorgan Chase & Co. lifted its position in Altus Midstream by 2,420.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 110,533 shares of the company’s stock worth $398,000 after acquiring an additional 106,147 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Altus Midstream by 36.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 292,664 shares of the company’s stock worth $1,089,000 after acquiring an additional 78,084 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Altus Midstream by 390.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,555 shares of the company’s stock worth $583,000 after acquiring an additional 124,661 shares in the last quarter.

About Altus Midstream (NYSE:ALTM)

There is no company description available for Altus Midstream Co

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