Brokerages Set American Midstream Partners LP (AMID) PT at $18.25

Shares of American Midstream Partners LP (NYSE:AMID) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.25.

Several brokerages have recently commented on AMID. Zacks Investment Research downgraded American Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, January 26th. UBS Group AG reaffirmed a “buy” rating and set a $19.00 target price (up from $17.00) on shares of American Midstream Partners in a report on Friday, December 16th. Janney Montgomery Scott began coverage on American Midstream Partners in a report on Friday, December 9th. They set a “buy” rating and a $19.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of American Midstream Partners in a report on Friday. Finally, Citigroup Inc raised American Midstream Partners from a “neutral” rating to a “buy” rating in a report on Friday, December 2nd. <

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American Midstream Partners (NYSE:AMID) opened at 15.25 on Thursday. The firm’s market capitalization is $486.72 million. The stock has a 50 day moving average price of $16.50 and a 200 day moving average price of $15.66. American Midstream Partners has a 1-year low of $6.18 and a 1-year high of $18.45.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in 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. Guggenheim Capital LLC raised its position in American Midstream Partners by 1,174.2% in the fourth quarter. Guggenheim Capital LLC now owns 365,009 shares of the company’s stock valued at $6,643,000 after buying an additional 336,363 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in American Midstream Partners during the fourth quarter valued at $3,443,000. Raymond James Financial Services Advisors Inc. raised its position in 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. Finally, ELCO Management Co. LLC acquired a new position in American Midstream Partners during the third quarter valued at $4,914,000. 32.80% of the stock is currently owned by hedge funds and other 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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