Altus Midstream (NYSE:ALTM) CEO D. Clay Bretches Purchases 20,000 Shares

Altus Midstream (NYSE:ALTM) CEO D. Clay Bretches purchased 20,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of $2.19 per share, for a total transaction of $43,800.00.

D. Clay Bretches also recently made the following trade(s):

  • On Monday, August 26th, D. Clay Bretches purchased 20,000 shares of Altus Midstream stock. The stock was acquired at an average cost of $2.36 per share, for a total transaction of $47,200.00.
  • On Wednesday, August 14th, D. Clay Bretches purchased 25,000 shares of Altus Midstream stock. The stock was acquired at an average cost of $2.58 per share, for a total transaction of $64,500.00.

Altus Midstream stock opened at $2.19 on Thursday. The firm’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $3.51. Altus Midstream has a 1-year low of $2.15 and a 1-year high of $10.48.

Several analysts have recently issued reports on the stock. Credit Suisse Group lowered shares of Altus Midstream from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 31st. Zacks Investment Research lowered shares of Altus Midstream from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Barclays reissued a “hold” rating and issued a $3.00 price target on shares of Altus Midstream in a research report on Wednesday, October 16th. Finally, Citigroup lowered their price target on shares of Altus Midstream from $5.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Altus Midstream presently has a consensus rating of “Hold” and a consensus target price of $6.06.

A number of institutional investors have recently bought and sold shares of the stock. Albert D Mason Inc. increased its holdings in Altus Midstream by 19.5% during the 3rd quarter. Albert D Mason Inc. now owns 55,305 shares of the company’s stock worth $157,000 after acquiring an additional 9,030 shares during the period. HighTower Trust Services LTA bought a new stake in Altus Midstream during the 3rd quarter worth approximately $495,000. Wiley BROS. Aintree Capital LLC bought a new stake in Altus Midstream during the 3rd quarter worth approximately $28,000. Walleye Trading Advisors LLC bought a new stake in Altus Midstream during the 2nd quarter worth approximately $77,000. Finally, Walleye Trading LLC bought a new stake in Altus Midstream during the 2nd quarter worth approximately $77,000.

About Altus Midstream

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