American Midstream Partners, LP (AMID) Upgraded to Sell at BidaskClub

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

AMID has been the subject of a number of other research reports. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $18.00 target price on shares of American Midstream Partners, in a research report on Monday, July 24th. Finally, ValuEngine cut shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. American Midstream Partners, has a consensus rating of “Hold” and an average price target of $16.75.

American Midstream Partners, (NYSE:AMID) opened at 13.60 on Friday. The stock’s market capitalization is $716.90 million. The company has a 50-day moving average of $13.54 and a 200-day moving average of $13.79. American Midstream Partners, has a one year low of $11.10 and a one year high of $18.45.

American Midstream Partners, (NYSE:AMID) last posted its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $193.63 million for the quarter. On average, equities analysts forecast that American Midstream Partners, will post ($1.96) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Regent Investment Management LLC raised its holdings in shares of American Midstream Partners, by 10.0% in the second 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 during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of American Midstream Partners, by 3.8% in the second 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 during the last quarter. Global X Management Co. LLC purchased a new position in shares of American Midstream Partners, in the second quarter worth $159,000. Finally, Wells Fargo & Company MN raised its holdings in shares of American Midstream Partners, by 81.4% in the second quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after buying an additional 25,718 shares during the last quarter. 42.16% of the stock is owned by institutional investors and hedge funds.

American Midstream Partners, Company Profile

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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