Zacks Investment Research upgraded shares of American Midstream Partners, LP (NYSE:AMID) from a hold rating to a buy rating in a report released on Friday. The brokerage currently has $15.00 price target on the pipeline company’s stock.

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. “

AMID has been the topic of several other reports. BidaskClub lowered shares of American Midstream Partners, from a sell rating to a strong sell rating in a research report on Wednesday. Royal Bank Of Canada restated a buy rating and issued a $18.00 price target on shares of American Midstream Partners, in a research report on Monday, July 24th. Finally, ValuEngine lowered shares of American Midstream Partners, from a hold rating to a sell rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. American Midstream Partners, presently has an average rating of Hold and a consensus target price of $16.75.

American Midstream Partners, (AMID) traded down 1.52% during trading on Friday, reaching $12.95. 53,872 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 company’s 50-day moving average is $13.68 and its 200-day moving average is $13.98. The company’s market capitalization is $682.63 million.

American Midstream Partners, (NYSE:AMID) last announced its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the 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 return on equity of 19.39% and a negative net margin of 10.35%. Equities research analysts expect that American Midstream Partners, will post ($1.83) earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a $0.412 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.65 annualized dividend and a yield of 12.73%. American Midstream Partners,’s dividend payout ratio is -87.30%.

A number of hedge funds have recently bought and sold shares of the company. Regent Investment Management LLC raised its stake in 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 valued at $141,000 after buying an additional 1,000 shares in the last quarter. Global X Management Co. LLC bought a new stake in American Midstream Partners, during the second quarter valued at about $159,000. Texas Yale Capital Corp. bought a new stake in American Midstream Partners, during the first quarter valued at about $195,000. ING Groep NV bought a new stake in American Midstream Partners, during the first quarter valued at about $264,000. Finally, Goldman Sachs Group Inc. raised its stake in American Midstream Partners, by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock valued at $373,000 after buying an additional 10,329 shares in the last quarter. Institutional investors own 42.16% 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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