American Midstream Partners, LP (AMID) Receives Average Rating of “Hold” from Analysts

American Midstream Partners, LP (NYSE:AMID) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $16.60.

Several brokerages recently commented on AMID. BidaskClub upgraded shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $14.00 price target on shares of American Midstream Partners, in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, August 18th. ValuEngine lowered shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Citigroup Inc. lowered shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $16.00 in a research note on Tuesday, October 10th.

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A number of hedge funds and other institutional investors have recently bought and sold shares of AMID. Clearbridge Investments LLC purchased a new stake in shares of American Midstream Partners, in the first quarter valued at about $6,517,000. Morgan Stanley boosted its holdings in shares of American Midstream Partners, by 41.0% in the first quarter. Morgan Stanley now owns 829,539 shares of the pipeline company’s stock valued at $12,318,000 after acquiring an additional 241,088 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of American Midstream Partners, by 13.1% in the first quarter. Bank of America Corp DE now owns 616,348 shares of the pipeline company’s stock valued at $9,153,000 after acquiring an additional 71,288 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of American Midstream Partners, in the first quarter valued at about $858,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of American Midstream Partners, by 44.7% in the first quarter. Renaissance Technologies LLC now owns 183,619 shares of the pipeline company’s stock valued at $2,727,000 after acquiring an additional 56,734 shares in the last quarter. Institutional investors own 42.10% of the company’s stock.

Shares of American Midstream Partners, (AMID) traded down $0.15 during trading hours on Wednesday, reaching $13.10. 51,198 shares of the company traded hands, compared to its average volume of 120,509. American Midstream Partners, has a 12-month low of $11.10 and a 12-month high of $18.45. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 2.08.

American Midstream Partners, (NYSE:AMID) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS 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 company had revenue of $193.63 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be paid a $0.4125 dividend. The ex-dividend date is Monday, November 6th. This is a positive change from American Midstream Partners,’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 12.60%. American Midstream Partners,’s payout ratio is currently -87.77%.

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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