American Midstream Partners LP Reaches New 12-Month High at $24.25 (AMID)
American Midstream Partners LP (NASDAQ:AMID)’s share price reached a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork reports. The stock traded as high as $24.25 and last traded at $23.99, with a volume of 16,618 shares traded. The stock had previously closed at $22.88.
A number of research firms have recently commented on AMID. Analysts at Zacks upgraded shares of American Midstream Partners LP from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 14th. They now have a $21.30 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of American Midstream Partners LP from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.15.
American Midstream Partners LP has a 52-week low of $13.11 and a 52-week high of $23.00. The stock’s 50-day moving average is $21.01 and its 200-day moving average is $19.58. The company’s market cap is $225.5 million.
American Midstream Partners LP (NASDAQ:AMID) last announced its earnings results on Tuesday, August 13th. The company reported ($4.00) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $3.95. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $72.68 million. On average, analysts predict that American Midstream Partners LP will post $-3.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Thursday, November 7th will be given a dividend of $0.45 per share. This represents a $1.81 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from American Midstream Partners LP’s previous quarterly dividend of $0.43.
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of natural gas midstream energy assets.
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