Brokerages Set American Midstream Partners LP (AMID) PT at $18.25

Shares of American Midstream Partners LP (NYSE:AMID) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.25.

Several research firms have recently issued reports on AMID. Zacks Investment Research upgraded American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Monday. TheStreet upgraded American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 price target on shares of American Midstream Partners in a research report on Friday. Janney Montgomery Scott began coverage on American Midstream Partners in a research report on Friday, December 9th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Citigroup Inc upgraded American Midstream Partners from a “neutral” rating to a “buy” rating in a research report on Friday, December 2nd. <

In other American Midstream Partners news, Director Gerald A. Tywoniuk sold 1,582 shares of American Midstream Partners stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $17.00, for a total transaction of $26,894.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $34,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald A. Tywoniuk sold 1,510 shares of American Midstream Partners stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $18.26, for a total value of $27,572.60. Following the transaction, the director now owns 2,000 shares in the company, valued at $36,520. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC acquired a new position in American Midstream Partners during the third quarter valued at $148,000. Regent Investment Management LLC acquired a new position in American Midstream Partners during the third quarter valued at $202,000. Geduld E E acquired a new position in American Midstream Partners during the third quarter valued at $222,000. Ladenburg Thalmann Financial Services Inc. raised its position in American Midstream Partners by 2,841.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,148 shares of the company’s stock valued at $366,000 after buying an additional 19,463 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in American Midstream Partners by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,079 shares of the company’s stock valued at $493,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 32.80% of the company’s stock.

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American Midstream Partners (NYSE:AMID) opened at 15.25 on Thursday. The firm has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.66. The firm’s market capitalization is $486.72 million. American Midstream Partners has a 12 month low of $6.18 and a 12 month high of $18.45.

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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