The stock of American Midstream Partners LP (NYSE:AMID) is a huge mover today! The stock increased 3.72% or $0.53 on September 30, hitting $14.77. About 168,850 shares traded hands. American Midstream Partners LP (NYSE:AMID) has risen 179.76% since February 26, 2016 and is uptrending. It has outperformed by 169.34% the S&P500.
The move comes after 7 months positive chart setup for the $459.51 million company. It was reported on Oct, 1 by Barchart.com. We have $40.77 PT which if reached, will make NYSE:AMID worth $808.74 million more.
Analysts await American Midstream Partners LP (NYSE:AMID) to report earnings on November, 14. They expect $0.37 EPS, up 408.33% or $0.49 from last year’s $-0.12 per share. AMID’s profit will be $11.51M for 9.98 P/E if the $0.37 EPS becomes a reality. After $0.24 actual EPS 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 13 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, July 21 the stock rating was upgraded by Ladenburg Thalmann to “Buy”. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Overweight” rating given on Wednesday, August 12 by Barclays Capital. The firm earned “Overweight” rating on Monday, November 16 by Barclays Capital. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Tuesday, March 15 report. The stock has “Hold” rating given by Wunderlich on Wednesday, March 9. The rating was downgraded by Barclays Capital on Monday, January 11 to “Equal Weight”. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, January 18. The firm earned “Neutral” rating on Thursday, November 19 by Citigroup. The firm earned “Hold” rating on Wednesday, January 20 by Wunderlich.
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 dived, 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.
Manufacturers Life Insurance Co The accumulated 1,049 shares or 0% of the stock. Toronto Dominion Retail Bank holds 0% or 1,283 shares in its portfolio. Atlantic Gp Ltd Liability Corp last reported 312,296 shares in the company. The Illinois-based Deere And has invested 0.02% in American Midstream Partners LP (NYSE:AMID). Morgan Stanley holds 0% of its portfolio in American Midstream Partners LP (NYSE:AMID) for 491,259 shares. Guggenheim Capital Limited Company holds 20,557 shares or 0% of its portfolio. Renaissance Tech Ltd Liability Co has invested 0% of its portfolio in American Midstream Partners LP (NYSE:AMID). Arclight Cap Prtnrs Limited Liability Company has 4.86 million shares for 6.83% of their US portfolio. Jpmorgan Chase & holds 0% of its portfolio in American Midstream Partners LP (NYSE:AMID) for 45,928 shares. Kcg Holdg Inc accumulated 26,374 shares or 0.01% of the stock. Neuberger Berman Grp Ltd Liability Com, a New York-based fund reported 1.95 million shares. Starr International Inc has 0.12% invested in the company for 100,000 shares. Walleye Trading Limited accumulated 0% or 900 shares. Raymond James Advisors reported 27,000 shares or 0% of all its holdings. Peak6 Invests Limited Partnership has invested 0% of its portfolio in American Midstream Partners LP (NYSE:AMID).
Insider Transactions: Since July 12, 2016, the stock had 0 buys, and 14 selling transactions for $26.80 million net activity. 41,099 shares were sold by Energy Spectrum Securities Corp, worth $495,035 on Wednesday, July 20.
More notable recent American Midstream Partners LP (NYSE:AMID) news were published by: Seekingalpha.com which released: “MLP Bottom Fishing 6: American Midstream Partners LP” on April 18, 2016, also Businesswire.com with their article: “American Midstream Appoints Regina Gregory as Senior Vice President, General …” published on August 10, 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: Businesswire.com and their article: “American Midstream Maintains Quarterly Distribution” published on July 21, 2016 as well as Bizjournals.com‘s news article titled: “American Midstream pulling up stakes in Denver, moving to Houston” with publication date: July 11, 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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