American Midstream Partners LP (NYSE:AMID) had its target price raised by Royal Bank Of Canada from $16.00 to $19.00 in a report published on Tuesday. Royal Bank Of Canada currently has an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. Ladenburg Thalmann upgraded shares of American Midstream Partners from a neutral rating to a buy rating and set a $16.00 price objective for the company in a research report on Thursday, July 21st. Zacks Investment Research upgraded shares of American Midstream Partners from a strong sell rating to a hold rating in a research report on Monday, July 11th. Finally, RBC Capital Markets initiated coverage on shares of American Midstream Partners in a research report on Friday, August 19th. They issued an outperform rating and a $16.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $10.81.
American Midstream Partners (NYSE:AMID) opened at 14.10 on Tuesday. The company has a 50 day moving average of $14.40 and a 200-day moving average of $12.45. American Midstream Partners has a one year low of $3.80 and a one year high of $15.45. The company’s market cap is $448.51 million.
American Midstream Partners (NYSE:AMID) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.59. The firm earned $55.40 million during the quarter, compared to analyst estimates of $63.92 million. American Midstream Partners had a positive return on equity of 8.15% and a negative net margin of 65.51%. On average, equities analysts expect that American Midstream Partners will post $0.75 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Monday, November 14th. Investors of record on Thursday, November 3rd will be paid a dividend of $0.412 per share. The ex-dividend date of this dividend is Tuesday, November 1st. American Midstream Partners’s dividend payout ratio is presently -30.96%.
In related news, major shareholder Spectrum Securities Cor Energy sold 31,845 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $12.03, for a total transaction of $383,095.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. HITE Hedge Asset Management LLC acquired a new stake in shares of American Midstream Partners during the third quarter valued at about $5,162,000. Regent Investment Management LLC purchased a new stake in American Midstream Partners during the third quarter valued at $202,000. Advisory Research Inc. boosted its stake in American Midstream Partners by 5.8% in the second quarter. Advisory Research Inc. now owns 465,968 shares of the company’s stock valued at $5,512,000 after buying an additional 25,395 shares during the period. Guggenheim Capital LLC purchased a new stake in American Midstream Partners during the second quarter valued at $243,000. Finally, Mariner Wealth Advisors LLC boosted its stake in American Midstream Partners by 32.4% in the second quarter. Mariner Wealth Advisors LLC now owns 22,576 shares of the company’s stock valued at $267,000 after buying an additional 5,526 shares during the period. 28.14% of the stock is owned by institutional investors.
American Midstream Partners Company Profile