UBS reiterated their buy rating on shares of American Midstream Partners (NYSE:AMID) in a report published on Wednesday morning, www.benzinga.com reports. They currently have a $16.00 price objective on the pipeline company’s stock, down from their prior price objective of $17.00.

Separately, ValuEngine downgraded shares of American Midstream Partners from a sell rating to a strong sell rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. American Midstream Partners presently has a consensus rating of Hold and a consensus target price of $15.25.

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Shares of American Midstream Partners (NYSE AMID) opened at $11.00 on Wednesday. The stock has a market cap of $799.33, a P/E ratio of -3.55 and a beta of 1.03. American Midstream Partners has a 52 week low of $10.81 and a 52 week high of $15.75. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 2.38.

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

In related news, Director Gerald A. Tywoniuk sold 2,925 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $13.26, for a total transaction of $38,785.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMID. Arrow Investment Advisors LLC increased its stake 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 worth $833,000 after buying an additional 15,805 shares during the period. HITE Hedge Asset Management LLC increased its stake in American Midstream Partners by 57.1% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 740,756 shares of the pipeline company’s stock worth $10,111,000 after buying an additional 269,107 shares during the period. Neuberger Berman Group LLC increased its stake 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 worth $10,828,000 after buying an additional 28,200 shares during the period. Wesbanco Bank Inc. purchased a new stake in American Midstream Partners during the 4th quarter worth approximately $134,000. Finally, Center Coast Capital Advisors LP purchased a new stake in American Midstream Partners during the 4th quarter worth approximately $401,000. 43.08% of the stock is currently owned by hedge funds and other 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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