American Midstream Partners LP (AMID) Receives Average Rating of “Hold” from Analysts

American Midstream Partners LP (NYSE:AMID) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.25.

Several analysts have weighed in on AMID shares. ValuEngine lowered American Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. UBS Group lowered their target price on American Midstream Partners from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday.

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In other news, Director Gerald A. Tywoniuk sold 2,925 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $13.26, for a total value of $38,785.50. The sale was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of AMID. Wesbanco Bank Inc. purchased a new stake in shares of American Midstream Partners in the fourth quarter valued at $134,000. Virtu Financial LLC purchased a new stake in shares of American Midstream Partners in the fourth quarter valued at $203,000. Brookfield Asset Management Inc. purchased a new stake in shares of American Midstream Partners in the fourth quarter valued at $401,000. Center Coast Capital Advisors LP purchased a new stake in shares of American Midstream Partners in the fourth quarter valued at $401,000. Finally, Arrow Investment Advisors LLC lifted its position in shares of American Midstream Partners by 34.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 43.08% of the company’s stock.

American Midstream Partners (NYSE:AMID) traded down $0.34 during 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 current ratio of 1.13 and a quick ratio of 1.08. The firm has a market capitalization of $613.77, a price-to-earnings ratio of -2.86 and a beta of 1.03. American Midstream Partners has a 12 month low of $11.10 and a 12 month high of $15.85.

American Midstream Partners (NYSE:AMID) last posted its earnings results on Monday, March 12th. The pipeline company reported ($2.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($2.75). The firm had revenue of $167.58 million during the quarter. American Midstream Partners had a negative net margin of 18.07% and a negative return on equity of 36.28%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a $0.4125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.65 annualized dividend and a dividend yield of 14.59%. American Midstream Partners’s dividend 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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