American Midstream Partners LP Has Another Very Weak Trading Session

The stock of American Midstream Partners LP (NYSE:AMID) is a huge mover today! The stock decreased 6.07% or $0.47 on April 14, hitting $7.27. About 151,920 shares traded hands. American Midstream Partners LP (NYSE:AMID) has declined 39.06% since September 9, 2015 and is downtrending. It has underperformed by 46.31% the S&P500. The move comes after 6 months negative chart setup for the $239.75M company. It was reported on Apr, 15 by We have $6.40 PT which if reached, will make NYSE:AMID worth $28.77 million less.

Out of 6 analysts covering American Midstream Partners LP (NYSE:AMID), 0 rate it “Buy”, 1 “Sell”, while 6 “Hold”. This means 0% are positive. American Midstream Partners LP was the topic in 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado.”

The institutional sentiment increased to 1.2 in Q3 2015. Its up 0.51, from 0.69 in 2015Q2. The ratio is positive, as 5 funds sold all American Midstream Partners LP shares owned while 10 reduced positions. 6 funds bought stakes while 12 increased positions. They now own 13.34 million shares or 42.48% more from 9.36 million shares in 2015Q2.

Price Michael F holds 0.58% of its portfolio in American Midstream Partners LP for 350,000 shares. Salient Capital Advisors Llc owns 1.28 million shares or 0.35% of their US portfolio. Moreover, Spirit Of America Management Corp Ny has 0.17% invested in the company for 72,279 shares. The Switzerland-based Starr International Co Inc has invested 0.11% in the stock. Hilton Capital Management Llc, a New York-based fund reported 20,550 shares.

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