American Midstream Partners (AMID) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS
American Midstream Partners (NASDAQ:AMID) issued its quarterly earnings data on Monday. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.25) by $0.07, StockRatingsNetwork reports. The company had revenue of $75.85 million for the quarter, compared to the consensus estimate of $89.03 million.
On a related note, analysts at Barclays initiated coverage on shares of American Midstream Partners in a research note on Wednesday, April 9th. They set an “overweight” rating and a $29.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.58.
Shares of American Midstream Partners (NASDAQ:AMID) traded down 2.95% on Monday, hitting $26.62. 50,392 shares of the company’s stock traded hands. American Midstream Partners has a 52-week low of $17.51 and a 52-week high of $28.95. The stock’s 50-day moving average is $26. and its 200-day moving average is $25.22. The company’s market cap is $202.3 million.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Tuesday, May 6th. This is a boost from American Midstream Partners’s previous quarterly dividend of $0.45.
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of natural gas midstream energy assets.
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