American Midstream Partners, LP (NYSE:AMID) released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.39, MarketWatch Earnings reports. The company had revenue of $193.63 million for the quarter.

American Midstream Partners, (AMID) traded up 3.07% on Friday, hitting $13.45. 88,068 shares of the stock traded hands. The firm’s 50 day moving average is $13.67 and its 200 day moving average is $14.27. The stock’s market cap is $708.99 million. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.65 annualized dividend and a dividend yield of 12.25%.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $18.00 target price on shares of American Midstream Partners, in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.75.

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Several hedge funds and other institutional investors have recently modified their holdings of AMID. Allen Investment Management LLC purchased a new position in shares of American Midstream Partners, during the first quarter valued at about $531,000. Massachusetts Financial Services Co. MA purchased a new position in shares of American Midstream Partners, during the first quarter valued at about $7,014,000. Bank of America Corp DE boosted its position in shares of American Midstream Partners, by 13.1% in the first quarter. Bank of America Corp DE now owns 616,348 shares of the pipeline company’s stock valued at $9,153,000 after buying an additional 71,288 shares in the last quarter. Regent Investment Management LLC purchased a new position in shares of American Midstream Partners, during the first quarter valued at about $149,000. Finally, Hollencrest Securities LLC purchased a new position in shares of American Midstream Partners, during the first quarter valued at about $835,000. Hedge funds and other institutional investors own 44.09% 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.

Earnings History for American Midstream Partners, (NYSE:AMID)

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