Zacks Investment Research upgraded shares of American Midstream Partners, LP (NYSE:AMID) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “American Midstream Partners, LP is a growth-oriented limited partnership formed to provide critical midstream infrastructure that links producers of natural gas, crude oil, NGLs, condensate and specialty chemicals to end-use markets. American Midstream¬ís assets are strategically located in some of the most prolific onshore and offshore basins in the Permian, Eagle Ford, East Texas, Bakken and Gulf Coast. American Midstream owns or has an ownership interest in approximately 4,000 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semisubmersible floating production system with nameplate processing capacity of 80 MBbl/d of crude oil and 200 MMcf/d of natural gas; and terminal sites with approximately 6.7 MMBbls of storage capacity. The Partnership owns the third largest cylinder exchange business and one of the largest regional retail propane providers. “

Several other equities analysts also recently weighed in on AMID. ValuEngine downgraded shares of American Midstream Partners, from a hold rating to a sell rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a buy rating and set a $18.00 target price on shares of American Midstream Partners, in a report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. American Midstream Partners, has a consensus rating of Buy and an average target price of $18.67.

American Midstream Partners, (AMID) traded down 1.06% on Tuesday, reaching $13.95. 151,654 shares of the company’s stock were exchanged. American Midstream Partners, has a 1-year low of $11.10 and a 1-year high of $18.45. The firm has a 50-day moving average price of $13.55 and a 200-day moving average price of $14.44. The company’s market capitalization is $735.35 million.

American Midstream Partners, (NYSE:AMID) last posted its earnings results 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 business had revenue of $193.63 million for the quarter. Equities research analysts expect that American Midstream Partners, will post ($1.84) earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.412 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.81%.

Several large investors have recently modified their holdings of AMID. Citigroup Inc. increased its stake in shares of American Midstream Partners, by 727.1% in the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after buying an additional 26,903 shares during the period. Wells Fargo & Company MN increased its stake 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 period. Global X Management Co. LLC purchased a new stake in shares of American Midstream Partners, during the second quarter worth approximately $159,000. Regent Investment Management LLC increased its stake 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 period. Finally, Clearbridge Investments LLC purchased a new stake in shares of American Midstream Partners, during the first quarter worth approximately $6,517,000. Institutional investors and hedge funds own 44.69% 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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