Shares of American Midstream Partners LP (NYSE:AMID) have earned an average rating of “Hold” from the ten analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.44.
Several analysts recently commented on the company. Zacks Investment Research upgraded American Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Monday, July 11th. RBC Capital Markets assumed coverage on American Midstream Partners in a report on Friday, August 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Royal Bank Of Canada assumed coverage on American Midstream Partners in a report on Friday, August 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Ladenburg Thalmann upgraded American Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, July 21st.
American Midstream Partners (NYSE:AMID) traded down 0.55% during mid-day trading on Tuesday, hitting $14.41. 61,340 shares of the stock were exchanged. The company’s market capitalization is $458.37 million. The stock has a 50 day moving average price of $13.58 and a 200 day moving average price of $11.51. American Midstream Partners has a 1-year low of $3.80 and a 1-year high of $15.19.
American Midstream Partners (NYSE:AMID) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.59. American Midstream Partners had a negative net margin of 65.51% and a positive return on equity of 8.15%. The firm earned $55.40 million during the quarter, compared to analyst estimates of $63.92 million. On average, equities analysts anticipate that American Midstream Partners will post $0.62 earnings per share for the current fiscal year.
In related news, major shareholder Spectrum Securities Cor Energy sold 927,718 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $12.10, for a total value of $11,225,387.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Mount Lucas Management LP boosted its position in shares of American Midstream Partners by 16.0% in the first quarter. Mount Lucas Management LP now owns 14,500 shares of the company’s stock worth $100,000 after buying an additional 2,000 shares in the last quarter. Mariner Wealth Advisors LLC bought a new stake in American Midstream Partners during the first quarter worth approximately $118,000. Sigma Planning Corp bought a new stake in American Midstream Partners during the second quarter worth approximately $137,000. TFS Capital LLC bought a new stake in American Midstream Partners during the second quarter worth approximately $154,000. Finally, Guggenheim Capital LLC bought a new stake in American Midstream Partners during the second quarter worth approximately $243,000. Institutional investors own 28.07% of the company’s stock.
American Midstream Partners Company Profile
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.
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