Shares of American Midstream Partners, LP (NYSE:AMID) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.67.
Several analysts have recently weighed in on AMID shares. Zacks Investment Research upgraded American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Monday, April 17th. ValuEngine downgraded American Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $18.00 price objective on shares of American Midstream Partners, in a research note on Monday, July 24th.
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American Midstream Partners, (NYSE:AMID) opened at 14.10 on Monday. American Midstream Partners, has a 1-year low of $11.10 and a 1-year high of $18.45. The stock’s 50 day moving average price is $13.49 and its 200 day moving average price is $14.47. The firm’s market cap is $731.35 million.
American Midstream Partners, (NYSE:AMID) last announced its quarterly earnings data 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. The firm had revenue of $193.63 million during the quarter. Equities research analysts predict that American Midstream Partners, will post ($1.84) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.412 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.65 annualized dividend and a dividend yield of 11.69%.
A number of large investors have recently added to or reduced their stakes in AMID. Atlantic Trust Group LLC boosted its stake in American Midstream Partners, by 194.6% in the first quarter. Atlantic Trust Group LLC now owns 920,095 shares of the pipeline company’s stock worth $13,663,000 after buying an additional 607,799 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in American Midstream Partners, during the first quarter valued at approximately $7,014,000. Clearbridge Investments LLC purchased a new stake in American Midstream Partners, during the first quarter valued at approximately $6,517,000. HITE Hedge Asset Management LLC boosted its stake in American Midstream Partners, by 97.1% in the first quarter. HITE Hedge Asset Management LLC now owns 665,069 shares of the pipeline company’s stock valued at $9,876,000 after buying an additional 327,672 shares during the period. Finally, OppenheimerFunds Inc. boosted its stake in American Midstream Partners, by 5.2% in the first quarter. OppenheimerFunds Inc. now owns 5,798,609 shares of the pipeline company’s stock valued at $86,109,000 after buying an additional 284,188 shares during the period. 44.69% of the stock is 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 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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