Insider Buying: John Sherman Acquires 10,000 Shares of Inergy Midstream L Stock (NRGM)
Inergy Midstream L (NASDAQ:NRGM) Director John Sherman bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $21.81 per share, with a total value of $218,100.00. Following the transaction, the director now directly owns 103,888 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Inergy Midstream L has a consensus rating of “Hold” and a consensus target price of $24.93.
Shares of Inergy Midstream L (NASDAQ:NRGM) traded up 0.28% on Thursday, hitting $21.87. 600,263 shares of the company’s stock traded hands. Inergy Midstream L has a 52-week low of $21.03 and a 52-week high of $26.01. The stock’s 50-day moving average is $23.47 and its 200-day moving average is $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 released its earnings data on Tuesday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Inergy Midstream L will post $0.38 earnings per share 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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