American Midstream Partners (NYSE:AMID) issued its quarterly earnings results on Monday. The pipeline company reported ($2.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($2.75), Bloomberg Earnings reports. American Midstream Partners had a negative return on equity of 36.28% and a negative net margin of 18.07%. The firm had revenue of $167.58 million for the quarter.
Shares of American Midstream Partners (NYSE AMID) opened at $11.65 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $849.74, a price-to-earnings ratio of -3.76 and a beta of 1.03. American Midstream Partners has a twelve month low of $11.10 and a twelve month high of $16.00.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 14.16%. The ex-dividend date was Tuesday, February 6th. American Midstream Partners’s payout ratio is currently -53.23%.
In other American Midstream Partners 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new position in shares of American Midstream Partners in the 4th quarter valued at $134,000. Virtu Financial LLC acquired a new position in shares of American Midstream Partners in the 4th quarter valued at $203,000. Brookfield Asset Management Inc. acquired a new position in shares of American Midstream Partners in the 4th quarter valued at $401,000. Center Coast Capital Advisors LP acquired a new position in shares of American Midstream Partners in the 4th quarter valued at $401,000. Finally, Arrow Investment Advisors LLC lifted its stake in shares of American Midstream Partners by 34.9% in the 3rd quarter. Arrow Investment Advisors LLC now owns 61,044 shares of the pipeline company’s stock valued at $833,000 after purchasing an additional 15,805 shares during the last quarter. 43.08% of the stock is currently owned by institutional investors and hedge funds.
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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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