American Midstream Partners, LP (NYSE:AMID) has been assigned an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.25.

Several brokerages 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, April 10th. 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, March 17th. Finally, ValuEngine cut American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

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Institutional investors have recently added to or reduced their stakes in the company. Regent Investment Management LLC acquired a new position in American Midstream Partners, during the first quarter valued at about $149,000. Texas Yale Capital Corp. acquired a new position in American Midstream Partners, during the first quarter valued at about $195,000. ING Groep NV acquired a new position in American Midstream Partners, during the first quarter valued at about $264,000. Ladenburg Thalmann Financial Services Inc. boosted 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 pipeline company’s stock valued at $366,000 after buying an additional 19,463 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in American Midstream Partners, by 69.8% in 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 last quarter. Institutional investors own 44.69% of the company’s stock.

Shares of American Midstream Partners, (NYSE:AMID) traded up 0.39% during mid-day trading on Tuesday, hitting $12.85. The stock had a trading volume of 272,630 shares. The firm has a 50 day moving average price of $12.56 and a 200 day moving average price of $15.23. The firm’s market cap is $672.30 million. American Midstream Partners, has a 52-week low of $10.39 and a 52-week high of $18.45.

American Midstream Partners, (NYSE:AMID) last issued its quarterly earnings results on Wednesday, May 10th. The pipeline company reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.84. The company had revenue of $199.63 million during the quarter. American Midstream Partners, had a negative net margin of 60.13% and a negative return on equity of 2.42%. Equities analysts predict that American Midstream Partners, will post $0.42 EPS for the current year.

American Midstream Partners, Company Profile

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.

Analyst Recommendations for American Midstream Partners, (NYSE:AMID)

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