American Midstream Partners, LP (NYSE:AMID) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also issued reports on AMID. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, August 18th. ValuEngine lowered shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $14.00 target price (down previously from $18.00) on shares of American Midstream Partners, in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. American Midstream Partners, presently has a consensus rating of “Hold” and an average price target of $16.75.

Shares of American Midstream Partners, (NYSE:AMID) traded up 1.667% on Wednesday, reaching $13.725. 62,666 shares of the company’s stock traded hands. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45. The firm’s market capitalization is $723.49 million. The company’s 50-day moving average is $13.45 and its 200-day moving average is $13.71.

American Midstream Partners, (NYSE:AMID) last announced its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.39). American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. The company had revenue of $193.63 million for the quarter. Equities research analysts anticipate that American Midstream Partners, will post ($1.96) earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. Regent Investment Management LLC increased its holdings in American Midstream Partners, by 10.0% in the 2nd 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 during the period. Global X Management Co. LLC bought a new stake in American Midstream Partners, in the 2nd quarter valued at $159,000. Goldman Sachs Group Inc. increased its holdings in American Midstream Partners, by 69.8% in the 1st 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 during the period. Raymond James Financial Services Advisors Inc. increased its holdings in American Midstream Partners, by 3.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock valued at $389,000 after buying an additional 1,095 shares during the period. Finally, Citigroup Inc. increased its holdings in American Midstream Partners, by 727.1% in the 2nd quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock valued at $393,000 after buying an additional 26,903 shares during the period. 42.10% of the stock is currently 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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