American Midstream Partners, LP (NYSE:AMID) Earns Buy Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of American Midstream Partners, LP (NYSE:AMID) in a research note issued to investors on Monday, July 24th. The firm currently has a $18.00 price target on the pipeline company’s stock.

A number of other equities analysts have also issued reports on AMID. Zacks Investment Research lowered shares of American Midstream Partners, from a hold rating to a sell rating in a research report on Monday, March 27th. ValuEngine lowered shares of American Midstream Partners, from a hold rating to a sell rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. American Midstream Partners, presently has an average rating of Buy and a consensus target price of $17.75.

American Midstream Partners, (NYSE AMID) opened at 13.45 on Monday. The company has a 50-day moving average of $13.67 and a 200 day moving average of $14.27. The company’s market capitalization is $708.99 million. American Midstream Partners, has a 12-month low of $11.10 and a 12-month high of $18.45.

American Midstream Partners, (NYSE:AMID) last released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.39. The company had revenue of $193.63 million for the quarter. Equities research analysts forecast that American Midstream Partners, will post ($1.84) earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a dividend yield of 12.25%. The ex-dividend date was Thursday, August 3rd.

Several institutional investors have recently bought and sold shares of AMID. Spirit of America Management Corp NY raised its stake in shares of American Midstream Partners, by 31.5% in the first quarter. Spirit of America Management Corp NY now owns 250,929 shares of the pipeline company’s stock valued at $3,726,000 after buying an additional 60,100 shares during the last quarter. Regent Investment Management LLC bought a new stake in shares of American Midstream Partners, during the first quarter valued at approximately $149,000. Hollencrest Securities LLC bought a new stake in shares of American Midstream Partners, during the first quarter valued at approximately $835,000. ING Groep NV bought a new stake in shares of American Midstream Partners, during the first quarter valued at approximately $264,000. Finally, American Century Companies Inc. raised its stake in shares of American Midstream Partners, by 119.4% in the first quarter. American Century Companies Inc. now owns 125,279 shares of the pipeline company’s stock valued at $1,860,000 after buying an additional 68,185 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

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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