Zacks Investment Research downgraded American Midstream Partners LP (NYSE:AMID) to Sell in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded American Midstream Partners LP (NYSE:AMID) to Sell in a report released on 10/11/2016.
Previously on 8/19/2016, Royal Bank Of Canada reported about American Midstream Partners LP (NYSE:AMID) raised the target price from $0.00 to $16.00. At the time, this indicated a possible upside of 0.33%.
Yesterday American Midstream Partners LP (NYSE:AMID) traded -1.96% lower at $14.54. The company’s 50-day moving average is $14.00 and its 200-day moving average is $11.81. The last stock close price is up 23.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 236,934 shares of American Midstream Partners LP exchanged hands, down from an avg. volume of 255,462
With a total market value of $0, American Midstream Partners LP has 52 week low of $3.80 and a 52 week high of $15.19 .
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $10.30 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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