American Midstream Partners LP (NYSE:AMID) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.25.
A number of brokerages have weighed in on AMID. UBS Group reduced their price objective on American Midstream Partners from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. ValuEngine cut American Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st.
In other news, Director Gerald A. Tywoniuk sold 2,925 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.26, for a total value of $38,785.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.40% of the company’s stock.
Shares of American Midstream Partners (NYSE:AMID) traded down $0.34 during midday trading on Wednesday, reaching $11.31. The company’s stock had a trading volume of 105,280 shares, compared to its average volume of 134,065. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.13. American Midstream Partners has a one year low of $11.10 and a one year high of $15.85. The stock has a market capitalization of $613.77, a PE ratio of -2.86 and a beta of 1.03.
American Midstream Partners (NYSE:AMID) last issued its quarterly earnings data on Monday, March 12th. The pipeline company reported ($2.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($2.75). American Midstream Partners had a negative net margin of 18.07% and a negative return on equity of 36.28%. The firm had revenue of $167.58 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 14.59%. The ex-dividend date was Tuesday, February 6th. American Midstream Partners’s payout ratio is currently -41.56%.
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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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