American Midstream Partners (NYSE:AMID) Investors: Wunderlich Reaffirms Hold Rating, Sees $6.50/Share

American Midstream Partners (NYSE:AMID) Rating

In analysts note sent to investors and clients on today, Wunderlich kept their Hold rating on American Midstream Partners (NYSE:AMID)’s stock. The TP means a potential downside of -8.19% from company’s last close price.

Out of 6 analysts covering American Midstream Partners LP (NYSE:AMID), 1 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. $18 is the highest target while $3.5 is the lowest. The $8.42 average target is 50.49% above today’s ($7.09) stock price. American Midstream Partners LP was the topic in 8 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Wunderlich downgraded the stock on January 20 to “Hold” rating. Barclays Capital downgraded the shares of AMID in a report on January 11 to “Equal Weight” rating. Finally, UBS upgraded the stock to “Neutral” rating in an August 12 report.

About 306,501 shares traded hands. American Midstream Partners LP (NYSE:AMID) has declined 37.93% since August 3, 2015 and is downtrending. It has underperformed by 32.27% the S&P500.

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.

Since September 15, 2015, the stock had 3 insider purchases, and 0 sales for $863,088 net activity. Mathews William B. bought 22,104 shares worth $249,996. Sullivan Kevin J. bought 10,000 shares worth $113,100. Bergstrom Stephen W bought 44,208 shares worth $499,992.

American Midstream Partners, LP owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The company has a market cap of $256.53 million. The Firm gathers, treats, processes and transports natural gas, fractionates natural gas liquids and stores specialty chemical products through its ownership and operation of 12 gathering systems, five processing facilities, three fractionation facilities, three interstate pipelines, five intrastate pipelines and four marine terminal sites. It currently has negative earnings. The Firm operates through three divisions: Gathering and Processing, Transmission and Terminals.

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.”

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