Royal Bank Of Canada reaffirmed their hold rating on shares of American Midstream Partners, LP (NYSE:AMID) in a report published on Tuesday morning. They currently have a $14.00 price objective on the pipeline company’s stock.

Several other research firms have also recently weighed in on AMID. Zacks Investment Research cut shares of American Midstream Partners, from a buy rating to a hold rating in a research note on Thursday, August 31st. ValuEngine upgraded shares of American Midstream Partners, from a sell rating to a hold rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of American Midstream Partners, from a sell rating to a hold rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $16.75.

American Midstream Partners, (NYSE AMID) opened at 14.50 on Tuesday. The company has a 50 day moving average price of $13.40 and a 200 day moving average price of $13.55. American Midstream Partners, has a 1-year low of $11.10 and a 1-year high of $18.45. The firm’s market cap is $764.34 million.

American Midstream Partners, (NYSE:AMID) last released its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share (EPS) 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 firm had revenue of $193.63 million for the quarter. On average, equities research analysts forecast that American Midstream Partners, will post ($1.96) earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regent Investment Management LLC lifted 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 acquired a new position in American Midstream Partners, in the second quarter worth about $159,000. Goldman Sachs Group Inc. raised its position 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 worth $373,000 after purchasing an additional 10,329 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in American Midstream Partners, by 3.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Citigroup Inc. raised its position in American Midstream Partners, by 727.1% in the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after purchasing an additional 26,903 shares in the last quarter. Institutional investors and hedge funds own 42.15% of the company’s stock.

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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