Royal Bank Of Canada restated their buy rating on shares of American Midstream Partners, LP (NYSE:AMID) in a report issued on Monday, July 24th. They currently have a $18.00 price target on the pipeline company’s stock.
Several other equities analysts have also issued reports on AMID. Zacks Investment Research upgraded American Midstream Partners, from a sell rating to a hold rating in a research report on Monday, April 17th. ValuEngine lowered American Midstream Partners, from a hold rating to a sell rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $17.75.
American Midstream Partners, (NYSE:AMID) traded up 3.07% during mid-day trading on Monday, hitting $13.45. The stock had a trading volume of 88,068 shares. The firm’s market cap is $708.99 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 price is $13.67 and its 200 day moving average price is $14.27.
American Midstream Partners, (NYSE:AMID) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.39. The firm had revenue of $193.63 million during the quarter. Analysts anticipate that American Midstream Partners, will post ($1.84) earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.65 annualized dividend and a yield of 12.25%.
A number of institutional investors have recently bought and sold shares of AMID. Regent Investment Management LLC bought a new position in American Midstream Partners, during the first quarter valued at about $149,000. Global X Management Co. LLC acquired a new stake in shares of American Midstream Partners, during the second quarter worth $159,000. Texas Yale Capital Corp. acquired a new stake in shares of American Midstream Partners, during the first quarter worth $195,000. ING Groep NV acquired a new stake in shares of American Midstream Partners, during the first quarter worth $264,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 buying an additional 10,329 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.
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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