Zacks: Brokerages Anticipate American Midstream Partners, LP (AMID) to Post -$0.02 Earnings Per Share
Brokerages expect American Midstream Partners, LP (NYSE:AMID) to post ($0.02) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for American Midstream Partners,’s earnings. American Midstream Partners, posted earnings per share of ($0.22) during the same quarter last year, which would suggest a positive year over year growth rate of 90.9%. The business is expected to announce its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that American Midstream Partners, will report full-year earnings of ($1.55) per share for the current year. For the next year, analysts forecast that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.36) to $0.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover American Midstream Partners,.
American Midstream Partners, (NYSE:AMID) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.39). American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. The business had revenue of $193.63 million during the quarter.
AMID has been the topic of a number of recent research reports. BidaskClub raised shares of American Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, September 1st. Royal Bank Of Canada cut shares of American Midstream Partners, from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $18.00 to $14.00 in a report on Monday, August 28th. Finally, ValuEngine lowered shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.75.
Shares of American Midstream Partners, (NYSE:AMID) remained flat at $13.60 during midday trading on Friday. The company’s stock had a trading volume of 60,617 shares. American Midstream Partners, has a 12-month low of $11.10 and a 12-month high of $18.45. The company’s market cap is $716.90 million. The firm’s 50-day moving average is $13.50 and its 200-day moving average is $13.78.
Several institutional investors and hedge funds have recently modified their holdings of the company. Allen Investment Management LLC acquired a new position in American Midstream Partners, in the first quarter worth approximately $531,000. Massachusetts Financial Services Co. MA acquired a new position in American Midstream Partners, during the first quarter valued at approximately $7,014,000. Bank of America Corp DE grew its holdings in American Midstream Partners, by 13.1% during 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 purchasing an additional 71,288 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in American Midstream Partners, during the first quarter valued at approximately $706,000. Finally, Clearbridge Investments LLC acquired a new position in American Midstream Partners, during the first quarter valued at approximately $6,517,000. Institutional investors own 42.16% of the company’s stock.
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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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