BidaskClub Upgrades American Midstream Partners, LP (AMID) to “Hold”

American Midstream Partners, LP (NYSE:AMID) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts have also recently weighed in on AMID. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $14.00 price target on shares of American Midstream Partners, in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, August 18th. ValuEngine cut shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Citigroup Inc. cut shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $16.00 in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.60.

Shares of American Midstream Partners, (NYSE:AMID) opened at 13.20 on Tuesday. The company’s 50-day moving average price is $13.62 and its 200 day moving average price is $13.39. The company’s market cap is $695.81 million. American Midstream Partners, has a 12-month low of $11.10 and a 12-month high of $18.45.

American Midstream Partners, (NYSE:AMID) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter. Equities analysts predict that American Midstream Partners, will post ($1.95) earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the business. Regent Investment Management LLC lifted its position in shares of American Midstream Partners, by 10.0% during the 2nd quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock worth $141,000 after buying an additional 1,000 shares in the last quarter. Global X Management Co. LLC bought a new position in shares of American Midstream Partners, during the 2nd quarter worth approximately $159,000. Goldman Sachs Group Inc. lifted its position in shares of American Midstream Partners, by 69.8% during the 1st 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. Raymond James Financial Services Advisors Inc. lifted its position in shares of American Midstream Partners, by 3.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after buying an additional 1,095 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of American Midstream Partners, by 727.1% during the 2nd quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after buying an additional 26,903 shares in the last quarter. 42.11% of the stock is currently owned by hedge funds and other 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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