American Midstream Partners, LP (NYSE:AMID) Stock Rating Lowered by BidaskClub

American Midstream Partners, LP (NYSE:AMID) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, October 20th.

Several other analysts have also issued reports on AMID. ValuEngine upgraded shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $14.00 price target on shares of American Midstream Partners, in a research report on Tuesday, October 3rd. Citigroup Inc. lowered shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $16.00 in a research report on Tuesday, October 10th. Finally, Zacks Investment Research lowered shares of American Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.60.

Shares of American Midstream Partners, (AMID) opened at 13.15 on Friday. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45. The stock’s 50 day moving average price is $13.61 and its 200 day moving average price is $13.42. The firm’s market capitalization is $693.18 million.

American Midstream Partners, (NYSE:AMID) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.39). American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. The business had revenue of $193.63 million for the quarter. On average, analysts predict that American Midstream Partners, will post ($1.95) EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Regent Investment Management LLC boosted its holdings in American Midstream Partners, by 10.0% in the second quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock valued at $141,000 after acquiring an additional 1,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in American Midstream Partners, by 3.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock valued at $389,000 after buying an additional 1,095 shares during the period. Goldman Sachs Group Inc. lifted its position in American Midstream Partners, by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock valued at $373,000 after buying an additional 10,329 shares during the period. Global X Management Co. LLC purchased a new position in American Midstream Partners, during the second quarter valued at $159,000. Finally, Wells Fargo & Company MN lifted its position in American Midstream Partners, by 81.4% during the second quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock valued at $737,000 after buying an additional 25,718 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

About American Midstream Partners,

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

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