ValuEngine upgraded shares of American Midstream Partners (NYSE:AMID) from a sell rating to a hold rating in a report issued on Friday.

Separately, UBS Group downgraded shares of American Midstream Partners from a buy rating to a neutral rating and reduced their price target for the stock from $16.00 to $11.00 in a research note on Monday, April 30th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $14.00.

AMID stock opened at $5.75 on Friday. American Midstream Partners has a 12 month low of $5.30 and a 12 month high of $15.25. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 8.30.

American Midstream Partners (NYSE:AMID) last posted its quarterly earnings results on Thursday, August 9th. The pipeline company reported ($0.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.24). The company had revenue of $220.22 million during the quarter. American Midstream Partners had a negative return on equity of 57.25% and a negative net margin of 13.56%.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Monday, August 6th will be paid a $0.1031 dividend. This represents a $0.41 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Friday, August 3rd.

A number of hedge funds have recently bought and sold shares of AMID. Aspen Investment Management Inc purchased a new position in American Midstream Partners during the 1st quarter valued at about $166,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in American Midstream Partners during the 2nd quarter valued at about $235,000. Cannell Peter B & Co. Inc. increased its position in American Midstream Partners by 78.4% during the 1st quarter. Cannell Peter B & Co. Inc. now owns 61,200 shares of the pipeline company’s stock valued at $661,000 after purchasing an additional 26,900 shares during the period. Bank of Montreal Can increased its position in American Midstream Partners by 240.0% during the 2nd quarter. Bank of Montreal Can now owns 85,000 shares of the pipeline company’s stock valued at $867,000 after purchasing an additional 60,000 shares during the period. Finally, Wells Fargo & Company MN increased its position in American Midstream Partners by 80.4% during the 1st quarter. Wells Fargo & Company MN now owns 106,788 shares of the pipeline company’s stock valued at $1,153,000 after purchasing an additional 47,589 shares during the period. 42.91% of the stock is currently owned by institutional investors.

About American Midstream Partners

American Midstream Partners, LP provides midstream infrastructure that links the producers of natural gas, crude oil, natural gas liquids (NGLs), condensate, and specialty chemicals to various intermediate and end-use markets in the United States and Mexico. Its Gas Gathering and Processing Services segment offers services to producers of natural gas and crude oil, including transporting raw natural gas and crude oil from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs from the natural gas, fractionating NGLs, and selling or delivering pipeline-quality natural gas and NGLs.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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