American Midstream Partners LP (NYSE:AMID) has been assigned an average rating of “Buy” from the seven brokerages that are covering the firm. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.25.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price target on shares of American Midstream Partners in a research report on Friday, March 17th.
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Shares of American Midstream Partners (NYSE:AMID) traded up 2.64% during trading on Monday, hitting $13.60. 308,202 shares of the stock traded hands. American Midstream Partners has a 12 month low of $10.39 and a 12 month high of $18.45. The stock’s market cap is $711.54 million. The firm’s 50-day moving average price is $14.22 and its 200-day moving average price is $15.70.
American Midstream Partners (NYSE:AMID) last issued its quarterly earnings results on Wednesday, May 10th. The pipeline company reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.84. The business had revenue of $199.63 million for the quarter. American Midstream Partners had a positive return on equity of 9.97% and a negative net margin of 60.13%. Analysts anticipate that American Midstream Partners will post $0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.65 annualized dividend and a yield of 12.13%. American Midstream Partners’s dividend payout ratio is currently -32.54%.
A number of institutional investors have recently made changes to their positions in the stock. HITE Hedge Asset Management LLC raised its position in shares of 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 in the last quarter. Texas Yale Capital Corp. bought a new position in shares of American Midstream Partners during the first quarter valued at approximately $195,000. American Century Companies Inc. raised its position 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 in the last quarter. ING Groep NV bought a new position in shares of American Midstream Partners during the first quarter valued at approximately $264,000. Finally, Hollencrest Securities LLC bought a new position in shares of American Midstream Partners during the first quarter valued at approximately $835,000. Institutional investors own 32.80% of the company’s stock.
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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