Analysts predict that American Midstream Partners, LP (NYSE:AMID) will announce earnings per share of ($0.29) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for American Midstream Partners,’s earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.39). American Midstream Partners, reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year over year growth rate of 220.8%. The company is scheduled to issue its next quarterly earnings results on Monday, August 14th.

According to Zacks, analysts expect that American Midstream Partners, will report full year earnings of ($1.55) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.36) to ($0.07). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Midstream Partners,.

American Midstream Partners, (NYSE:AMID) last released its quarterly earnings data on Wednesday, May 10th. The pipeline company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.84. The firm had revenue of $199.63 million during the quarter. American Midstream Partners, had a negative return on equity of 2.42% and a negative net margin of 60.13%.

A number of research firms recently issued reports on AMID. Zacks Investment Research raised American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of American Midstream Partners, in a research report on Friday, March 17th. Finally, ValuEngine cut American Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.25.

American Midstream Partners, (AMID) opened at 12.35 on Wednesday. American Midstream Partners, has a 12-month low of $10.39 and a 12-month high of $18.45. The stock has a 50 day moving average price of $12.85 and a 200-day moving average price of $15.43. The stock’s market capitalization is $646.14 million.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in American Midstream Partners, by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,079 shares of the pipeline company’s stock worth $493,000 after buying an additional 79 shares during the last quarter. Regent Investment Management LLC purchased a new stake in American Midstream Partners, during the first quarter worth about $149,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 worth $373,000 after buying an additional 10,329 shares in the last quarter. Texas Yale Capital Corp. bought a new stake in shares of American Midstream Partners, during the first quarter worth $195,000. Finally, ING Groep NV bought a new stake in shares of American Midstream Partners, during the first quarter worth $264,000. 44.69% of the stock is owned by hedge funds and other institutional investors.

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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