Ladenburg Thalmann downgraded shares of American Midstream Partners LP (NASDAQ:AMID) from a buy rating to a neutral rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have $23.00 target price on the stock. The analysts noted that the move was a valuation call.
Separately, analysts at Zacks upgraded shares of American Midstream Partners LP from an underperform rating to a neutral rating in a research note to investors on Monday, October 14th. They now have a $21.30 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $21.77.
American Midstream Partners LP (NASDAQ:AMID) traded up 1.02% on Friday, hitting $24.75. The stock had a trading volume of 5,302 shares. American Midstream Partners LP has a one year low of $13.11 and a one year high of $24.80. The stock’s 50-day moving average is $21.81 and its 200-day moving average is $21.07. The company’s market cap is $164.9 million.
American Midstream Partners LP (NASDAQ:AMID) last released its earnings data on Thursday, November 14th. The company reported ($0.80) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.43) by $0.37. During the same quarter last year, the company posted ($0.46) earnings per share. Analysts expect that American Midstream Partners LP will post $-5.08 earnings per share for the current fiscal year.
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of natural gas midstream energy assets.
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