American Midstream Partners (NYSE:AMID) posted its quarterly earnings results on Monday. The pipeline company reported ($2.58) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($2.75), Bloomberg Earnings reports. The company had revenue of $167.58 million during the quarter. American Midstream Partners had a negative return on equity of 11.67% and a net margin of 0.12%.
Shares of American Midstream Partners (NYSE:AMID) traded up $0.05 during mid-day trading on Tuesday, reaching $11.85. 14,219 shares of the company’s stock were exchanged, compared to its average volume of 133,261. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.13 and a quick ratio of 1.08. American Midstream Partners has a 1-year low of $11.10 and a 1-year high of $16.00. The company has a market cap of $860.54, a PE ratio of -15.53 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.4125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.65 dividend on an annualized basis and a yield of 13.92%. American Midstream Partners’s payout ratio is -217.11%.
A number of hedge funds have recently modified their holdings of AMID. Arrow Investment Advisors LLC raised its holdings in American Midstream Partners by 34.9% during the 3rd quarter. Arrow Investment Advisors LLC now owns 61,044 shares of the pipeline company’s stock valued at $833,000 after acquiring an additional 15,805 shares during the period. HITE Hedge Asset Management LLC grew its position in shares of American Midstream Partners by 57.1% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 740,756 shares of the pipeline company’s stock valued at $10,111,000 after purchasing an additional 269,107 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of American Midstream Partners by 3.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 793,275 shares of the pipeline company’s stock valued at $10,828,000 after purchasing an additional 28,200 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of American Midstream Partners during the 4th quarter valued at $134,000. Finally, Center Coast Capital Advisors LP purchased a new position in shares of American Midstream Partners during the 4th quarter valued at $401,000. 43.08% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine cut shares of American Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. American Midstream Partners has a consensus rating of “Hold” and a consensus target price of $15.00.
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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