American Midstream Partners, LP (NYSE:AMID) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They presently have a $14.00 target price on the pipeline company’s stock, down from their previous target price of $18.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.46% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, August 18th. ValuEngine lowered American Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.75.

American Midstream Partners, (NYSE:AMID) opened at 13.15 on Monday. The stock’s market capitalization is $693.18 million. The firm has a 50-day moving average price of $13.68 and a 200 day moving average price of $14.11. American Midstream Partners, has a 12 month low of $11.10 and a 12 month high of $18.45.

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 Zacks’ consensus estimate of ($0.33) by $0.39. American Midstream Partners, had a negative net margin of 10.35% and a negative return on equity of 19.39%. The business had revenue of $193.63 million during the quarter. Equities analysts anticipate that American Midstream Partners, will post ($1.83) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/28/american-midstream-partners-lp-amid-lowered-to-sector-perform-at-royal-bank-of-canada.html.

Large investors have recently made changes to their positions in the company. 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 valued at $141,000 after buying an additional 1,000 shares during the period. Global X Management Co. LLC purchased a new stake in shares of American Midstream Partners, during the second quarter valued at approximately $159,000. Texas Yale Capital Corp. purchased a new stake in shares of American Midstream Partners, during the first quarter valued at approximately $195,000. ING Groep NV purchased a new stake in shares of American Midstream Partners, during the first quarter valued at approximately $264,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 period. 42.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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.