American Midstream Partners (AMID) Earning Somewhat Positive Media Coverage, Analysis Shows
News stories about American Midstream Partners (NYSE:AMID) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Midstream Partners earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.0195556492219 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of American Midstream Partners (AMID) opened at $12.25 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38. American Midstream Partners has a 1 year low of $11.10 and a 1 year high of $18.45.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 13.47%. This is an increase from American Midstream Partners’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, November 6th. American Midstream Partners’s payout ratio is presently -217.11%.
In other American Midstream Partners news, Chairman Lynn L. Bourdon III purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $12.49 per share, for a total transaction of $124,900.00. Following the completion of the transaction, the chairman now owns 150,842 shares in the company, valued at $1,884,016.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.40% of the stock is currently owned by insiders.
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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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