The stock of American Midstream Partners LP (NYSE:AMID) is a huge mover today! The stock decreased 3.26% or $0.45 on November 4, hitting $13.35. About 242,108 shares traded hands or 13.01% up from the average. American Midstream Partners LP (NYSE:AMID) has risen 119.94% since April 4, 2016 and is uptrending. It has outperformed by 118.85% the S&P500.
The move comes after 7 months negative chart setup for the $437.97M company. It was reported on Nov, 4 by Barchart.com. We have $12.02 PT which if reached, will make NYSE:AMID worth $43.80M less.
Analysts await American Midstream Partners LP (NYSE:AMID) to report earnings on November, 14. They expect $0.37 earnings per share, up 408.33% or $0.49 from last year’s $-0.12 per share. AMID’s profit will be $12.14 million for 9.02 P/E if the $0.37 EPS becomes a reality. After $0.24 actual earnings per share reported by American Midstream Partners LP for the previous quarter, Wall Street now forecasts 54.17% EPS growth.
American Midstream Partners LP (NYSE:AMID) Ratings Coverage
Out of 7 analysts covering American Midstream Partners LP (NYSE:AMID), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. American Midstream Partners LP has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, March 9 by Wunderlich. The stock of American Midstream Partners LP (NYSE:AMID) has “Neutral” rating given on Wednesday, August 12 by UBS. The firm has “Overweight” rating given on Wednesday, August 12 by Barclays Capital. Barclays Capital downgraded it to “Equal Weight” rating and $10 target price in Monday, January 11 report. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 19. The stock has “Market Perform” rating given by Wells Fargo on Monday, January 18. The rating was downgraded by Wunderlich to “Hold” on Wednesday, January 20. The company was maintained on Tuesday, October 25 by RBC Capital Markets. As per Monday, November 16, the company rating was maintained by Barclays Capital.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.64 in 2016 Q2. Its down 1.07, from 1.71 in 2016Q1. The ratio worsened, as 11 funds sold all American Midstream Partners LP shares owned while 14 reduced positions. 8 funds bought stakes while 8 increased positions. They now own 10.22 million shares or 27.90% less from 14.18 million shares in 2016Q1.
Renaissance Technologies Ltd reported 43,800 shares or 0% of all its holdings. Mariner Wealth Advisors Limited Liability Co last reported 0.01% of its portfolio in the stock. Walleye Trading Llc has invested 0% of its portfolio in American Midstream Partners LP (NYSE:AMID). Price Michael F holds 0.82% or 522,500 shares in its portfolio. Ladenburg Thalmann Financial Services accumulated 0% or 685 shares. Manufacturers Life Insur Communications The holds 0% or 1,049 shares in its portfolio. Security Natl Co last reported 0.02% of its portfolio in the stock. Group One Trading Lp reported 10,237 shares or 0% of all its holdings. Advisory Research has 465,968 shares for 0.09% of their US portfolio. Deere Company has 0.02% invested in the company for 35,375 shares. Citigroup accumulated 24,700 shares or 0% of the stock. Hilton Capital Management Ltd Liability Com holds 0.07% or 18,850 shares in its portfolio. Tfs Cap Ltd Llc accumulated 0.03% or 13,000 shares. Wells Fargo Co Mn last reported 0% of its portfolio in the stock. Tower Rech Capital Lc (Trc), a New York-based fund reported 600 shares.
Insider Transactions: Since July 12, 2016, the stock had 0 insider buys, and 14 selling transactions for $26.80 million net activity. Another trade for 13,163 shares valued at $158,306 was sold by Energy Spectrum Securities Corp.
More notable recent American Midstream Partners LP (NYSE:AMID) news were published by: Businessinsider.com which released: “Two oil pipeline companies are combining in a $2 billion deal” on October 24, 2016, also Seekingalpha.com with their article: “Rapidly Growing American Midstream Partners LP Is Under Construction” published on October 31, 2016, Businesswire.com published: “American Midstream Announces Retirement of Steve Bergstrom and Appointment of …” on December 14, 2015. More interesting news about American Midstream Partners LP (NYSE:AMID) were released by: Streetinsider.com and their article: “American Midstream Partners (AMID) Acquires Additional Minority Interests in …” published on November 01, 2016 as well as Seekingalpha.com‘s news article titled: “MLP Bottom Fishing 6: American Midstream Partners LP” with publication date: April 18, 2016.
AMID Company Profile
American Midstream Partners, LP, incorporated on August 20, 2009, owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Firm 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, through its ownership and operation of over 10 gathering systems, five processing facilities, three fractionation facilities, three marine terminal sites, three interstate pipelines, five intrastate pipelines and one crude oil pipeline. The Firm operates through three divisions: Gathering and Processing, Transmission and Terminals. The Firm also owns an interest in Main Pass Oil Gathering Company (MPOG), a crude oil gathering and processing system; the Burns Point Plant, a natural gas processing plant; Mesquite, an off-spec condensate fractionation project, and Delta House, a floating production system platform and related pipeline infrastructure. The Company’s primary assets, which are located in Alabama, Georgia, Louisiana, Mississippi, North Dakota, Tennessee, Texas, and the Gulf of Mexico, provide infrastructure that links producers of crude oil, natural gas, NGLs, condensate and specialty chemicals to the intermediate and end use markets. The Firm operates approximately 3,000 miles of pipelines that gather and operate approximately 1.8 million barrels of storage capacity across three marine terminal sites.
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