The stock of American Midstream Partners LP (NYSE:AMID) is a huge mover today! The stock decreased 1.74% or $0.25 on November 16, hitting $14.1. About 113,418 shares traded hands. American Midstream Partners LP (NYSE:AMID) has risen 97.39% since April 14, 2016 and is uptrending. It has outperformed by 92.70% the S&P500.
The move comes after 7 months negative chart setup for the $461.34 million company. It was reported on Nov, 16 by Barchart.com. We have $12.27 PT which if reached, will make NYSE:AMID worth $59.97M less.
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. Barclays Capital maintained the shares of AMID in a report on Monday, November 16 with “Overweight” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 19. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Tuesday, March 15. UBS upgraded American Midstream Partners LP (NYSE:AMID) on Friday, April 29 to “Buy” rating. The firm has “Neutral” rating by Citigroup given on Thursday, November 19. The stock of American Midstream Partners LP (NYSE:AMID) has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. The stock of American Midstream Partners LP (NYSE:AMID) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 25. UBS upgraded the stock to “Neutral” rating in Wednesday, August 12 report. The rating was downgraded by Wells Fargo on Friday, January 15 to “Market Perform”. As per Wednesday, March 9, the company rating was maintained 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 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.
Starr has 0.12% invested in the company for 100,000 shares. Peak6 Limited Partnership holds 0% of its portfolio in American Midstream Partners LP (NYSE:AMID) for 8,717 shares. Burnham Asset New York holds 0.16% of its portfolio in American Midstream Partners LP (NYSE:AMID) for 49,205 shares. Salient Cap Advsrs Ltd Llc has 336,879 shares for 0.09% of their US portfolio. Deere & accumulated 35,375 shares or 0.02% of the stock. Ladenburg Thalmann Inc has 685 shares for 0% of their US portfolio. Grp One Trading Limited Partnership accumulated 10,237 shares or 0% of the stock. Price Michael F holds 522,500 shares or 0.82% of its portfolio. Sigma Planning holds 11,601 shares or 0.02% of its portfolio. Guggenheim Cap accumulated 0% or 20,557 shares. Tower Limited Com (Trc) holds 0% or 600 shares in its portfolio. The United Kingdom-based Gsa Cap Prtnrs Llp has invested 0.02% in American Midstream Partners LP (NYSE:AMID). Next Fin Group owns 6,000 shares or 0.02% of their US portfolio. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Morgan Stanley 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. Energy Spectrum Securities Corp sold 1,400 shares worth $16,800.
More 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 published the news titled: “Rapidly Growing American Midstream Partners LP Is Under Construction” on October 31, 2016. Seekingalpha.com‘s news article titled: “MLP Bottom Fishing 6: American Midstream Partners LP” with publication date: April 18, 2016 was also an interesting one.
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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