Equities research analysts expect American Midstream Partners, LP (NYSE:AMID) to announce earnings of ($0.16) per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for American Midstream Partners,’s earnings. American Midstream Partners, posted earnings per share of ($0.22) in the same quarter last year, which indicates a positive year-over-year growth rate of 27.3%. The business is expected to announce its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that American Midstream Partners, will report full-year earnings of ($1.55) per share for the current year. For the next financial 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’ earnings per share averages are an average based on a survey of research firms that follow American Midstream Partners,.

American Midstream Partners, (NYSE:AMID) last released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.39. The firm had revenue of $193.63 million during the quarter.

Several analysts have recently weighed in on AMID shares. Zacks Investment Research raised American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine raised American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $18.00 price objective on shares of American Midstream Partners, in a report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.67.

A number of institutional investors have recently modified their holdings of AMID. Allen Investment Management LLC acquired a new position in shares of American Midstream Partners, during the first quarter valued at about $531,000. Massachusetts Financial Services Co. MA acquired a new position in shares of American Midstream Partners, during the first quarter valued at about $7,014,000. Bank of America Corp DE increased its position in shares of American Midstream Partners, by 13.1% in the first quarter. Bank of America Corp DE now owns 616,348 shares of the pipeline company’s stock valued at $9,153,000 after buying an additional 71,288 shares during the last quarter. Regent Investment Management LLC acquired a new position in shares of American Midstream Partners, during the first quarter valued at about $149,000. Finally, Hollencrest Securities LLC acquired a new position in shares of American Midstream Partners, during the first quarter valued at about $835,000. Hedge funds and other institutional investors own 44.69% of the company’s stock.

American Midstream Partners, (NYSE:AMID) traded down 1.06% during midday trading on Friday, hitting $13.95. The company had a trading volume of 151,654 shares. The company’s market cap is $729.85 million. American Midstream Partners, has a one year low of $11.10 and a one year high of $18.45. The company’s 50 day moving average is $13.49 and its 200-day moving average is $14.47.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.412 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.65 annualized dividend and a dividend yield of 11.69%.

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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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