American Midstream Partners, LP (NYSE:AMID) is set to post its quarterly earnings results before the market opens on Monday, August 7th. Analysts expect American Midstream Partners, to post earnings of ($0.33) per share for the quarter.
American Midstream Partners, (NYSE:AMID) last issued its earnings results on Wednesday, May 10th. The pipeline company reported ($0.75) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.84. The business had revenue of $199.63 million during the quarter. On average, analysts expect American Midstream Partners, to post $-1.55 EPS for the current fiscal year and $-0.22 EPS for the next fiscal year.
Shares of American Midstream Partners, LP (NYSE AMID) opened at 14.50 on Monday. American Midstream Partners, LP has a one year low of $10.39 and a one year high of $18.45. The firm has a 50-day moving average price of $12.89 and a 200-day moving average price of $14.67. The company’s market capitalization is $758.63 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.412 dividend. This represents a $1.65 annualized dividend and a yield of 11.37%. The ex-dividend date is Thursday, August 3rd.
Several equities research analysts have weighed in on AMID shares. Zacks Investment Research upgraded American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Monday, April 17th. ValuEngine cut American Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $18.00 price objective on shares of American Midstream Partners, in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.67.
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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