Altus Midstream (NYSE:ALTM)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2.58 and last traded at $2.59, with a volume of 500 shares traded. The stock had previously closed at $2.62.

A number of research analysts recently issued reports on ALTM shares. Barclays downgraded Altus Midstream from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Tuesday, April 16th. Zacks Investment Research upgraded Altus Midstream from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Citigroup decreased their price objective on Altus Midstream from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.56.

The firm has a fifty day moving average price of $3.44.

In other news, CEO D. Clay Bretches acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $4.22 per share, for a total transaction of $84,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 55,000 shares of company stock valued at $243,000.

Hedge funds have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. grew its stake in Altus Midstream by 1.2% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 3,438,264 shares of the company’s stock valued at $20,286,000 after purchasing an additional 40,090 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Altus Midstream during the 1st quarter worth approximately $560,000. HITE Hedge Asset Management LLC boosted its stake in shares of Altus Midstream by 20.8% during the 1st quarter. HITE Hedge Asset Management LLC now owns 4,364,796 shares of the company’s stock worth $25,752,000 after acquiring an additional 750,525 shares during the period. Deutsche Bank AG bought a new position in shares of Altus Midstream during the 4th quarter worth approximately $1,600,000. Finally, Associated Banc Corp bought a new position in shares of Altus Midstream during the 1st quarter worth approximately $2,065,000.

About Altus Midstream (NYSE:ALTM)

There is no company description available for Altus Midstream Co

Featured Article: What is a CD ladder?

Receive News & Ratings for Altus Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Midstream and related companies with's FREE daily email newsletter.