American Midstream Partners, LP (AMID) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of American Midstream Partners, LP (NYSE:AMID) from a strong sell rating to a sell rating in a report published on Friday morning.

AMID has been the topic of a number of other research reports. ValuEngine upgraded American Midstream Partners, from a sell rating to a hold rating in a research note on Friday, July 28th. Zacks Investment Research upgraded American Midstream Partners, from a sell rating to a hold rating in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $18.00 price objective on shares of American Midstream Partners, in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $16.75.

American Midstream Partners, (NYSE:AMID) opened at 13.60 on Friday. The firm’s market cap is $716.90 million. The firm’s 50-day moving average price is $13.48 and its 200 day moving average price is $13.73. 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 released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS 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. American Midstream Partners, had a negative net margin of 10.35% and a negative return on equity of 19.39%. On average, equities research analysts forecast that American Midstream Partners, will post ($1.96) EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. Regent Investment Management LLC raised its stake in shares of American Midstream Partners, by 10.0% during the 2nd quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock worth $141,000 after purchasing an additional 1,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of American Midstream Partners, by 3.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,095 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of American Midstream Partners, by 69.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock worth $373,000 after purchasing an additional 10,329 shares in the last quarter. Global X Management Co. LLC bought a new stake in shares of American Midstream Partners, during the 2nd quarter worth approximately $159,000. Finally, Wells Fargo & Company MN raised its stake in shares of American Midstream Partners, by 81.4% during the 2nd quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after purchasing an additional 25,718 shares in the last quarter. Institutional investors own 42.10% of the company’s stock.

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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