American Midstream Partners, LP (NYSE:AMID) has been given an average rating of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.60.

AMID has been the topic of several research reports. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, August 18th. Royal Bank Of Canada reissued a “buy” rating and set a $18.00 price objective on shares of American Midstream Partners, in a research report on Monday, July 24th. ValuEngine raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Citigroup Inc. downgraded shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research report on Tuesday, October 10th.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/11/01/american-midstream-partners-lp-amid-receives-average-rating-of-hold-from-analysts.html.

Large investors have recently modified their holdings of the company. Regent Investment Management LLC boosted its holdings in shares of American Midstream Partners, by 10.0% in the second quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock valued at $141,000 after acquiring an additional 1,000 shares in the last quarter. Global X Management Co. LLC purchased a new stake in shares of American Midstream Partners, in the second quarter valued at about $159,000. Goldman Sachs Group Inc. boosted its holdings 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 valued at $373,000 after acquiring an additional 10,329 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of American Midstream Partners, by 3.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock valued at $389,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of American Midstream Partners, by 727.1% in the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock valued at $393,000 after acquiring an additional 26,903 shares in the last quarter. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Midstream Partners, (AMID) traded up 0.37% during midday trading on Wednesday, hitting $13.60. 120,378 shares of the stock were exchanged. The stock has a 50 day moving average price of $13.64 and a 200-day moving average price of $13.39. 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.

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). American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%. The company had revenue of $193.63 million for the quarter. On average, analysts predict that American Midstream Partners, will post ($1.95) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be issued a $0.4125 dividend. This is an increase from American Midstream Partners,’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, November 6th. This represents a $1.65 annualized dividend and a dividend yield of 12.18%. American Midstream Partners,’s payout ratio is presently -87.30%.

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.

Receive News & Ratings for American Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.