American Midstream Partners LP (NYSE:AMID) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado. “

Several other brokerages have also commented on AMID. RBC Capital Markets initiated coverage on American Midstream Partners in a research note on Friday, August 19th. They set an “outperform” rating and a $16.00 price target on the stock. Royal Bank Of Canada initiated coverage on American Midstream Partners in a research note on Friday, August 19th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Ladenburg Thalmann raised American Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. American Midstream Partners has an average rating of “Hold” and a consensus target price of $10.14.

Analyst Recommendations for American Midstream Partners (NYSE:AMID)

Shares of American Midstream Partners (NYSE:AMID) traded down 1.96% on Tuesday, reaching $14.54. The company had a trading volume of 236,934 shares. American Midstream Partners has a 1-year low of $3.80 and a 1-year high of $15.19. The firm has a 50-day moving average price of $13.93 and a 200 day moving average price of $11.79. The firm’s market capitalization is $462.50 million.

American Midstream Partners (NYSE:AMID) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.59. The firm had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $63.92 million. American Midstream Partners had a positive return on equity of 8.15% and a negative net margin of 65.51%. Equities research analysts predict that American Midstream Partners will post $0.62 earnings per share for the current year.

In other American Midstream Partners news, major shareholder Spectrum Securities Cor Energy sold 51,864 shares of the business’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $12.15, for a total value of $630,147.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sigma Planning Corp acquired a new position in shares of American Midstream Partners during the second quarter valued at $137,000. TFS Capital LLC purchased a new stake in American Midstream Partners during the second quarter worth approximately $154,000. Mount Lucas Management LP increased its stake in 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 last quarter. Mariner Wealth Advisors LLC purchased a new stake in American Midstream Partners during the first quarter worth approximately $118,000. Finally, Guggenheim Capital LLC purchased a new stake in American Midstream Partners during the second quarter worth approximately $243,000. Institutional investors own 28.07% 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 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

Receive News & Stock Ratings for American Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Midstream Partners LP and related stocks with our FREE daily email newsletter.