Somewhat Favorable Press Coverage Somewhat Unlikely to Affect American Midstream Partners (AMID) Share Price
News coverage about American Midstream Partners (NYSE:AMID) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. American Midstream Partners earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.9958349039104 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of American Midstream Partners (NYSE:AMID) opened at $13.35 on Tuesday. American Midstream Partners has a 1 year low of $11.10 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.13 and a quick ratio of 1.08. The company has a market capitalization of $961.36, a P/E ratio of -17.57 and a beta of 0.96.
A number of analysts have recently weighed in on the company. Citigroup cut American Midstream Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $16.00 in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and set a $14.00 price target on shares of American Midstream Partners in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded American Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. American Midstream Partners currently has an average rating of “Hold” and an average target price of $15.00.
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About American Midstream Partners
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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