Shares of American Midstream Partners LP (NYSE:AMID) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.44.

Several research firms have issued reports on AMID. Ladenburg Thalmann upgraded shares of American Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, July 21st. Zacks Investment Research upgraded shares of American Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, July 11th. RBC Capital Markets assumed coverage on shares of American Midstream Partners in a research note on Friday, August 19th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Royal Bank Of Canada assumed coverage on shares of American Midstream Partners in a research note on Friday, August 19th. They set an “outperform” rating and a $16.00 target price for the company.

In related news, major shareholder Spectrum Securities Cor Energy sold 6,800 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $12.14, for a total value of $82,552.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp bought a new position in shares of American Midstream Partners during the second quarter worth about $137,000. TFS Capital LLC bought a new position in shares of American Midstream Partners during the second quarter worth about $154,000. Mount Lucas Management LP boosted its position in shares of American Midstream Partners by 16.0% in the first quarter. Mount Lucas Management LP now owns 14,500 shares of the company’s stock worth $100,000 after buying an additional 2,000 shares during the period. Mariner Wealth Advisors LLC bought a new position in shares of American Midstream Partners during the first quarter worth about $118,000. Finally, Guggenheim Capital LLC bought a new position in shares of American Midstream Partners during the second quarter worth about $243,000. 28.07% of the stock is owned by institutional investors.

American Midstream Partners (NYSE:AMID) opened at 14.59 on Tuesday. American Midstream Partners has a 52 week low of $3.80 and a 52 week high of $15.19. The company has a 50 day moving average price of $13.79 and a 200 day moving average price of $11.61. The stock’s market cap is $464.09 million.

American Midstream Partners (NYSE:AMID) last posted its earnings results on Monday, August 8th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.23 by $0.59. The business earned $55.40 million during the quarter, compared to analysts’ expectations of $63.92 million. American Midstream Partners had a negative net margin of 65.51% and a positive return on equity of 8.15%. Analysts expect that American Midstream Partners will post $0.62 EPS for the current fiscal year.

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.

5 Day Chart for NYSE:AMID

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