American Midstream Partners LP (AMID) Rating Reiterated by Royal Bank of Canada

American Midstream Partners LP (NYSE:AMID)‘s stock had its “buy” rating restated by investment analysts at Royal Bank of Canada in a report issued on Friday. They currently have a $19.00 target price on the stock. Royal Bank of Canada’s target price suggests a potential upside of 24.59% from the company’s current price.

A number of other research analysts have also recently commented on AMID. TheStreet raised shares of American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Zacks Investment Research raised shares of American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. UBS Group AG reissued a “buy” rating and set a $19.00 target price (up from $17.00) on shares of American Midstream Partners in a research report on Friday, December 16th. Citigroup Inc raised shares of American Midstream Partners from a “neutral” rating to a “buy” rating in a research report on Friday, December 2nd. < 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 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. American Midstream Partners currently has an average rating of "Buy" and a consensus price target of $18.25.

Analyst Recommendations for American Midstream Partners (NYSE:AMID)

American Midstream Partners (NYSE:AMID) opened at 15.25 on Friday. The stock’s market capitalization is $486.72 million. The firm’s 50-day moving average is $16.50 and its 200 day moving average is $15.66. American Midstream Partners has a 12 month low of $6.18 and a 12 month high of $18.45.

Your IP Address:

In related news, Director Gerald A. Tywoniuk sold 1,582 shares of the company’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $17.00, for a total value of $26,894.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $34,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald A. Tywoniuk sold 1,510 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 2,000 shares in the company, valued at $36,520. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of 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 in 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 in the last quarter. 32.80% of the stock is currently owned by hedge funds and other institutional investors.

American Midstream Partners Company Profile

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

Teen Girls Barred from United Airlines Flight for Wearing Leggings
Teen Girls Barred from United Airlines Flight for Wearing Leggings
Fuel Shortage in Venezuela Growing Worse
Fuel Shortage in Venezuela Growing Worse
FedEx Comes Up Short on Earnings
FedEx Comes Up Short on Earnings
Brazil Looks to Calm Fears Over Export and Sale of Meat
Brazil Looks to Calm Fears Over Export and Sale of Meat
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram


Leave a Reply

© 2006-2017 Ticker Report. Google+.