American Midstream Partners, LP (NYSE:AMID) will be posting its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect American Midstream Partners, to post earnings of ($0.20) per share for the quarter.
American Midstream Partners, (NYSE:AMID) last announced its 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 return on equity of 19.39% and a negative net margin of 10.35%. The company had revenue of $193.63 million for the quarter.
American Midstream Partners, LP (NYSE AMID) opened at $13.25 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 2.08.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be paid a $0.4125 dividend. This is an increase from American Midstream Partners,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.65 dividend on an annualized basis and a yield of 12.45%. American Midstream Partners,’s payout ratio is presently -87.30%.
AMID has been the topic of several analyst reports. ValuEngine raised American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $14.00 target price on shares of American Midstream Partners, in a research report on Tuesday, October 3rd. BidaskClub downgraded American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Citigroup Inc downgraded American Midstream Partners, from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $16.00 in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded American Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.60.
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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