BidaskClub upgraded shares of American Midstream Partners, LP (NYSE:AMID) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

AMID has been the subject of several other reports. ValuEngine lowered American Midstream Partners, from a hold rating to a sell rating in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a hold rating and set a $14.00 target price (down from $18.00) on shares of American Midstream Partners, in a research report on Monday, August 28th. Finally, Zacks Investment Research lowered American Midstream Partners, from a buy rating to a hold rating in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $16.75.

American Midstream Partners, (AMID) traded down 2.20% during mid-day trading on Wednesday, reaching $13.35. 56,466 shares of the company traded hands. The stock’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.71. American Midstream Partners, has a one year low of $11.10 and a one year high of $18.45. The firm’s market cap is $703.72 million.

American Midstream Partners, (NYSE:AMID) last announced its earnings results 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). 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 for the quarter. Analysts forecast that American Midstream Partners, will post ($1.96) earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in American Midstream Partners, by 3.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after acquiring an additional 1,095 shares during the last quarter. Citigroup Inc. increased its holdings in American Midstream Partners, by 727.1% in the 2nd quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after acquiring an additional 26,903 shares during the last quarter. Wells Fargo & Company MN increased its holdings in American Midstream Partners, by 81.4% in the 2nd quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after acquiring an additional 25,718 shares during the last quarter. Global X Management Co. LLC purchased a new stake in American Midstream Partners, in the 2nd quarter worth about $159,000. Finally, Regent Investment Management LLC increased its holdings in American Midstream Partners, by 10.0% in the 2nd quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock worth $141,000 after acquiring an additional 1,000 shares during the last quarter. 42.10% of the stock is owned by institutional investors.

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.

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