American Midstream Partners LP (AMID) Raised to “Hold” at Zacks Investment Research

American Midstream Partners LP (NYSE:AMID) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado. “

AMID has been the subject of a number of other reports. TheStreet upgraded shares of American Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of American Midstream Partners in a research note on Friday. Citigroup Inc upgraded shares of American Midstream Partners from a “neutral” rating to a “buy” rating in a research note on Friday, December 2nd. < UBS Group AG reiterated a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of American Midstream Partners in a research note on Friday, December 16th. Finally, Janney Montgomery Scott assumed coverage on shares of American Midstream Partners in a research report on Friday, December 9th. They set a "buy" rating and a $19.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus price target of $18.25.

Analyst Recommendations for American Midstream Partners (NYSE:AMID)

Shares of American Midstream Partners (NYSE:AMID) traded down 0.33% on Monday, hitting $15.25. 485,361 shares of the stock were exchanged. American Midstream Partners has a 12 month low of $6.18 and a 12 month high of $18.45. The company’s market cap is $486.72 million. The company has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.66.

Your IP Address:

In other American Midstream Partners news, Director Gerald A. Tywoniuk sold 1,510 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $18.26, for a total transaction of $27,572.60. Following the sale, the director now owns 2,000 shares in the company, valued at approximately $36,520. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald A. Tywoniuk sold 1,582 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $17.00, for a total transaction of $26,894.00. Following the sale, the director now owns 2,000 shares in the company, valued at approximately $34,000. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC bought a new stake in American Midstream Partners during the third quarter valued at about $148,000. Regent Investment Management LLC bought a new stake in American Midstream Partners during the third quarter valued at about $202,000. Geduld E E bought a new stake in American Midstream Partners during the third quarter valued at about $222,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in American Midstream Partners by 2,841.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,148 shares of the company’s stock valued at $366,000 after buying an additional 19,463 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in American Midstream Partners by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,079 shares of the company’s stock valued at $493,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 32.80% of the company’s stock.

About American Midstream Partners

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.

5 Day Chart for NYSE:AMID

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.

Latest News

Leave a Reply