Inergy Midstream L Insider Buys $450,000 in Stock (NRGM)
Inergy Midstream L (NASDAQ:NRGM) Insider William Gautreaux purchased 20,000 shares of Inergy Midstream L stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $450,000.00. Following the purchase, the insider now directly owns 117,032 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NRGM has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Inergy Midstream L (NASDAQ:NRGM) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $20.70 price target on the stock. Analysts at TheStreet upgraded shares of Inergy Midstream L (NASDAQ:NRGM) from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 15th.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Inergy Midstream L presently has a consensus rating of “Hold” and an average target price of $24.93.
Shares of Inergy Midstream L (NASDAQ:NRGM) traded up 0.28% on Thursday, hitting $21.87. The stock had a trading volume of 600,263 shares. Inergy Midstream L has a 52 week low of $21.03 and a 52 week high of $26.01. The stock has a 50-day moving average of $23.47 and a 200-day moving average of $23.5. The company has a market cap of $1.879 billion and a P/E ratio of 120.50.
Inergy Midstream L (NASDAQ:NRGM) last announced its earnings results on Tuesday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.14. The company had revenue of $70.50 million for the quarter, compared to the consensus estimate of $68.24 million. Analysts expect that Inergy Midstream L will post $0.38 EPS for the current fiscal year.
Inergy Midstream, L.P., formerly Inergy Midstream, LLC, is a limited partnership formed by Inergy, L.
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