American Midstream Partners, LP (NYSE:AMID) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

AMID has been the subject of several other research reports. ValuEngine raised American Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $14.00 price target (down previously from $18.00) on shares of American Midstream Partners, in a research note on Monday, August 28th. Finally, Zacks Investment Research cut American Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.75.

American Midstream Partners, (AMID) remained flat at $13.60 during midday trading on Friday. The company had a trading volume of 60,617 shares. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45. The stock has a 50-day moving average price of $13.50 and a 200 day moving average price of $13.78. The firm’s market capitalization is $716.90 million.

American Midstream Partners, (NYSE:AMID) last announced its quarterly 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. American Midstream Partners, had a negative net margin of 10.35% and a negative return on equity of 19.39%. On average, equities analysts expect that American Midstream Partners, will post ($1.96) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in AMID. Regent Investment Management LLC boosted its position in American Midstream Partners, by 10.0% during the second quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock worth $141,000 after purchasing an additional 1,000 shares during the period. Global X Management Co. LLC bought a new stake in American Midstream Partners, during the second quarter worth approximately $159,000. Goldman Sachs Group Inc. boosted its position in American Midstream Partners, by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock worth $373,000 after purchasing an additional 10,329 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in American Midstream Partners, by 3.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,095 shares during the period. Finally, Citigroup Inc. boosted its position in American Midstream Partners, by 727.1% during the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after purchasing an additional 26,903 shares during the period. 42.16% of the stock is owned by institutional investors and hedge funds.

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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