American Midstream Partners LP (NYSE:AMID) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Zacks Investment Research has upgraded American Midstream Partners LP (NYSE:AMID) to Hold in a statement released on 03/20/2017.
Having a price of $15.30, American Midstream Partners LP (NYSE:AMID) traded -0.33% lower on the day. With the last close down -2.65% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. American Midstream Partners LP has recorded a 50-day average of $16.50 and a two hundred day average of $15.66. Trade Volume was up over the average, with 485,361 shares of AMID changing hands over the typical 136,218
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American Midstream Partners LP has a 52 week low of $6.18 and a 52 week high of $18.45 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have released a research note on AMID. The one year target is $10.30 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, 6 firms rating the stock a hold, 1 equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About American Midstream Partners LP (NYSE:AMID)
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company 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. It operates through three segments: Gathering and Processing, Transmission and Terminals. The Gathering and Processing Segment consists of midstream natural gas systems that provide services, such as gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGLs and condensate. Its Transmission Segment consists of interstate and intrastate pipelines that transport natural gas from interconnection points on other pipelines or production points to customers. Its Terminals segment provides above-ground storage services at its marine terminals.
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