American Midstream Partners, LP (NYSE:AMID) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and set a $18.00 price objective on shares of American Midstream Partners, in a research report on Monday, July 24th. Finally, ValuEngine upgraded shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. American Midstream Partners, presently has an average rating of “Hold” and an average price target of $16.75.

Shares of American Midstream Partners, (NYSE:AMID) opened at 13.60 on Friday. The stock’s 50 day moving average is $13.50 and its 200 day moving average is $13.78. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45. The stock’s market cap is $716.90 million.

American Midstream Partners, (NYSE:AMID) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.39). The company had revenue of $193.63 million for the quarter. American Midstream Partners, had a negative net margin of 10.35% and a negative return on equity of 19.39%. On average, equities analysts forecast that American Midstream Partners, will post ($1.96) EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Regent Investment Management LLC raised its position 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 worth $141,000 after acquiring an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in American Midstream Partners, by 3.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after acquiring an additional 1,095 shares during the period. Goldman Sachs Group Inc. raised 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 worth $373,000 after acquiring an additional 10,329 shares during the period. Global X Management Co. LLC bought a new position in American Midstream Partners, in the second quarter worth approximately $159,000. Finally, Wells Fargo & Company MN raised its position in American Midstream Partners, by 81.4% in the second quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after acquiring an additional 25,718 shares during the period. Institutional investors and hedge funds own 42.16% 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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