Zacks Investment Research lowered shares of American Midstream Partners, LP (NYSE:AMID) from a buy rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “American Midstream Partners, LP is a growth-oriented limited partnership formed to provide critical midstream infrastructure that links producers of natural gas, crude oil, NGLs, condensate and specialty chemicals to end-use markets. American Midstream¬ís assets are strategically located in some of the most prolific onshore and offshore basins in the Permian, Eagle Ford, East Texas, Bakken and Gulf Coast. American Midstream owns or has an ownership interest in approximately 4,000 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semisubmersible floating production system with nameplate processing capacity of 80 MBbl/d of crude oil and 200 MMcf/d of natural gas; and terminal sites with approximately 6.7 MMBbls of storage capacity. The Partnership owns the third largest cylinder exchange business and one of the largest regional retail propane providers. “

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $18.00 price objective on shares of American Midstream Partners, in a report on Monday, July 24th. ValuEngine lowered shares of American Midstream Partners, from a hold rating to a sell rating in a report on Thursday, August 17th. Finally, BidaskClub lowered shares of American Midstream Partners, from a sell rating to a strong sell rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $16.75.

Shares of American Midstream Partners, (AMID) traded down 1.14% during mid-day trading on Thursday, hitting $13.00. The stock had a trading volume of 25,809 shares. The stock’s market cap is $685.27 million. American Midstream Partners, has a 52-week low of $11.10 and a 52-week high of $18.45. The company’s 50 day moving average is $13.68 and its 200-day moving average is $14.01.

American Midstream Partners, (NYSE:AMID) last issued its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.39. The company had revenue of $193.63 million for the quarter. American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. On average, equities research analysts anticipate that American Midstream Partners, will post ($1.83) earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.412 dividend. This represents a $1.65 annualized dividend and a yield of 12.53%. The ex-dividend date of this dividend was Thursday, August 3rd. American Midstream Partners,’s dividend payout ratio is currently -87.30%.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in 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. Allen Investment Management LLC purchased a new position in American Midstream Partners, during the first quarter valued at about $531,000. Renaissance Technologies LLC raised its position in American Midstream Partners, by 44.7% in the first quarter. Renaissance Technologies LLC now owns 183,619 shares of the pipeline company’s stock valued at $2,727,000 after buying an additional 56,734 shares in the last quarter. Morgan Stanley raised its position in American Midstream Partners, by 41.0% in the first quarter. Morgan Stanley now owns 829,539 shares of the pipeline company’s stock valued at $12,318,000 after buying an additional 241,088 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in American Midstream Partners, during the first quarter valued at about $7,014,000. 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.

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