American Midstream Partners LP (AMID) Rating Reiterated by Royal Bank of Canada

American Midstream Partners LP (NYSE:AMID)‘s stock had its “buy” rating reiterated by analysts at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $19.00 target price on the stock. Royal Bank of Canada’s price objective points to a potential upside of 24.59% from the company’s current price.

A number of other brokerages have also weighed in on AMID. Zacks Investment Research upgraded shares of American Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Janney Montgomery Scott assumed coverage on shares of American Midstream Partners in a research report on Friday, December 9th. They issued a “buy” rating and a $19.00 target price on the stock. UBS Group AG reaffirmed a “buy” rating and issued a $19.00 target price (up from $17.00) on shares of American Midstream Partners in a research report on Friday, December 16th. Citigroup Inc raised shares of American Midstream Partners from a “neutral” rating to a “buy” rating in a research report on Friday, December 2nd. < Finally, TheStreet raised shares of American Midstream Partners from a "sell" rating to a "hold" rating in a research report on Wednesday, November 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus price target of $18.25.

Analyst Recommendations for American Midstream Partners (NYSE:AMID)

American Midstream Partners (NYSE:AMID) opened at 15.25 on Friday. The firm’s market capitalization is $486.72 million. American Midstream Partners has a 52-week low of $6.18 and a 52-week high of $18.45. The company’s 50-day moving average is $16.50 and its 200-day moving average is $15.66.

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In related news, Director Gerald A. Tywoniuk sold 1,582 shares of the stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $17.00, for a total value of $26,894.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $34,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald A. Tywoniuk sold 1,510 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $18.26, for a total transaction of $27,572.60. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $36,520. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AMID. Eagle Global Advisors LLC acquired a new position in shares of American Midstream Partners during the third quarter valued at about $148,000. Regent Investment Management LLC acquired a new position in shares of American Midstream Partners during the third quarter valued at about $202,000. Geduld E E acquired a new position in shares of American Midstream Partners during the third quarter valued at about $222,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of American Midstream Partners by 2,841.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,148 shares of the company’s stock valued at $366,000 after buying an additional 19,463 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of American Midstream Partners by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,079 shares of the company’s stock valued at $493,000 after buying an additional 79 shares during the last quarter. 32.80% of the stock is currently owned by institutional investors.

American Midstream Partners Company Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.

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