American Midstream Partners LP (NYSE:AMID) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado. “

Several other research firms have also issued reports on AMID. UBS Group AG reaffirmed a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of American Midstream Partners in a research report on Friday, December 16th. Janney Montgomery Scott assumed coverage on American Midstream Partners in a research report on Friday, December 9th. They issued a “buy” rating and a $19.00 price target for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of American Midstream Partners in a report on Friday. Citigroup Inc upgraded American Midstream Partners from a “neutral” rating to a “buy” rating in a report on Friday, December 2nd. < Finally, TheStreet upgraded American Midstream Partners from a "sell" rating to a "hold" rating in a report on Wednesday, November 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. American Midstream Partners has an average rating of "Buy" and a consensus price target of $18.25.

Analyst Recommendations for American Midstream Partners (NYSE:AMID)

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American Midstream Partners (NYSE:AMID) traded down 0.33% on Monday, hitting $15.25. 485,361 shares of the company were exchanged. American Midstream Partners has a 52 week low of $6.18 and a 52 week high of $18.45. The company’s market capitalization is $486.72 million. The stock has a 50 day moving average of $16.50 and a 200 day moving average of $15.66.

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In other news, Director Gerald A. Tywoniuk sold 1,510 shares of American Midstream Partners stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $18.26, for a total transaction of $27,572.60. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $36,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald A. Tywoniuk sold 1,582 shares of American Midstream Partners stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $17.00, for a total value of $26,894.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $34,000. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMID. HITE Hedge Asset Management LLC bought a new position in American Midstream Partners during the third quarter worth $5,162,000. Guggenheim Capital LLC boosted its position in American Midstream Partners by 1,174.2% in the fourth quarter. Guggenheim Capital LLC now owns 365,009 shares of the company’s stock worth $6,643,000 after buying an additional 336,363 shares during the last quarter. ELCO Management Co. LLC bought a new position in American Midstream Partners during the third quarter worth $4,914,000. Rafferty Asset Management LLC bought a new position in American Midstream Partners during the fourth quarter worth $3,443,000. Finally, Wells Fargo & Company MN boosted its position in American Midstream Partners by 173.8% in the third quarter. Wells Fargo & Company MN now owns 36,932 shares of the company’s stock worth $546,000 after buying an additional 23,444 shares during the last quarter. 32.80% 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 is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.

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