Brokerages expect American Midstream Partners, LP (NYSE:AMID) to post earnings per share of ($0.16) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American Midstream Partners,’s earnings. American Midstream Partners, reported earnings of ($0.22) per share during the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The firm is expected to announce its next earnings results on Monday, November 6th.

According to Zacks, analysts expect that American Midstream Partners, will report full-year earnings of ($1.55) per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.36) to ($0.07). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover American Midstream Partners,.

American Midstream Partners, (NYSE:AMID) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.39. The company had revenue of $193.63 million for the quarter.

A number of research firms recently issued reports on AMID. Zacks Investment Research upgraded shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine upgraded shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $18.00 price target on shares of American Midstream Partners, in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.67.

American Midstream Partners, (AMID) traded down 1.43% during midday trading on Friday, reaching $13.75. 129,648 shares of the company’s stock traded hands. The firm’s market cap is $724.80 million. The stock’s 50 day moving average price is $13.55 and its 200 day moving average price is $14.44. American Midstream Partners, has a 1-year low of $11.10 and a 1-year high of $18.45.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.412 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.65 dividend on an annualized basis and a yield of 11.65%.

Hedge funds have recently made changes to their positions in the stock. Regent Investment Management LLC raised its stake in shares of 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 buying an additional 1,000 shares during the period. Global X Management Co. LLC purchased a new stake in American Midstream Partners, during the second quarter valued at about $159,000. Texas Yale Capital Corp. purchased a new stake in American Midstream Partners, during the first quarter valued at about $195,000. ING Groep NV purchased a new stake in American Midstream Partners, during the first quarter valued at about $264,000. Finally, Goldman Sachs Group Inc. raised its stake 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 and hedge funds own 44.09% of the company’s stock.

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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.

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