American Midstream Partners LP (NYSE:AMID) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.20 and last traded at $10.22, with a volume of 136095 shares trading hands. The stock had previously closed at $10.55.

Several brokerages have recently issued reports on AMID. UBS reaffirmed a “buy” rating and set a $16.00 target price (down from $17.00) on shares of American Midstream Partners in a research report on Wednesday, March 14th. ValuEngine lowered American Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, TheStreet lowered American Midstream Partners from a “c-” rating to a “d+” rating in a research report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.25.

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The company has a market cap of $781.33, a PE ratio of -3.27 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38.

American Midstream Partners (NYSE:AMID) last announced its earnings results on Monday, March 12th. The pipeline company reported ($2.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($2.75). American Midstream Partners had a negative net margin of 18.07% and a negative return on equity of 36.28%. The business had revenue of $167.58 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wesbanco Bank Inc. purchased a new stake in American Midstream Partners in the 4th quarter worth about $134,000. Virtu Financial LLC purchased a new position in American Midstream Partners during the 4th quarter valued at about $203,000. Arrow Investment Advisors LLC grew its holdings in American Midstream Partners by 34.9% during the 3rd quarter. Arrow Investment Advisors LLC now owns 61,044 shares of the pipeline company’s stock valued at $833,000 after buying an additional 15,805 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in American Midstream Partners by 3.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 793,275 shares of the pipeline company’s stock valued at $10,828,000 after buying an additional 28,200 shares in the last quarter. Finally, Center Coast Capital Advisors LP purchased a new position in American Midstream Partners during the 4th quarter valued at about $401,000. 43.05% of the stock is owned by institutional investors.

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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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