Goldman Sachs analyst John Mackay maintained a Sell rating on DT Midstream (DTM – Research Report) yesterday. The company’s shares closed last Friday at $54.67.
According to TipRanks, Mackay is a 4-star analyst with an average return of 12.5% and a 64.71% success rate. Mackay covers the Energy sector, focusing on stocks such as Kinder Morgan, Energy Transfer, and Enterprise Products Partners.
DT Midstream has an analyst consensus of Hold, with a price target consensus of $58.43.
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Based on DT Midstream’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $234 million and a net profit of $94 million. In comparison, last year the company earned a revenue of $235 million and had a net profit of $116 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DTM in relation to earlier this year.
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DT Midstream (DTM) Company Description:
The aim of the VanEck Vectors¿ Multi-Asset Conservative Allocation UCITS ETF is to follow the Multi-Asset Conservative Allocation Index as closely as possible.
Read More on DTM:
- DT Midstream price target raised to $59 from $57 at Barclays
- DT Midstream downgraded to Underperform from Peer Perform at Wolfe Research
- DT Midstream downgraded to Neutral from Buy at Mizuho
- DT Midstream Announces Early Mechanical Completion of LEAP Phase 2 Expansion
- DT Midstream downgraded to Neutral on valuation at JPMorgan
