American Midstream Partners, LP (AMID) Given Average Rating of "Buy" by Brokerages

Ivan Schwartz
June 20, 2017

The firm has "Buy" rating given on Tuesday, April 26 by Peel Hunt. Finally, ValuEngine cut shares of EQT Midstream Partners, from a buy rating to a hold rating in a research note on Friday, June 2nd. Therefore 21% are positive. CONE Midstream Partners LP has $27 highest and $12 lowest target. The stock has a consensus rating of "Buy" and a consensus target price of $18.25. PennTex Midstream Partners LP had 23 analyst reports since August 10, 2015 according to SRatingsIntel.

Deep diving into the technical levels for American Midstream Partners LP (AMID), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 145.57. The firm has "Outperform" rating given on Monday, October 26 by Credit Suisse. Institutional investors and hedge funds own 55.01% of the company's stock. A notice of election to purchase such Common Units, pursuant to Section 15.1 (b) of the Partnership Agreement, will be mailed to each unitholder of record who did not tender its Common Units in the Offer, and such holder will receive, for each Common Unit, $20.00 in cash, which represents the price paid by ETP for the Common Units in the Offer. The firm has "Overweight" rating by Morgan Stanley given on Tuesday, February 14. The rating was upgraded by Wells Fargo on Friday, January 15 to "Outperform". Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing. American Century Companies Inc. now owns 125,279 shares of the pipeline company's stock valued at $1,860,000 after buying an additional 68,185 shares in the last quarter. The pipeline company reported ($0.75) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.09 by $0.84. Its down 0.50, from 1.47 in 2016Q3. It improved, as 36 investors sold STT shares while 256 reduced holdings. 71 funds opened positions while 258 raised stakes. The SI to Penntex Midstream Partners LP's float is 0.2%.

Investors are watching CONE Midstream Partners LP (NYSE:CNNX) ahead of the market open as shares are gapping down -1.55% with the stock now sitting at $17.72. The stock has performed 6.60% over the last seven days, 8.49% over the last thirty, and -16.81% over the last three months.

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Chickasaw Capital Management Llc decreased Antero Midstream Partners Lp (AM) stake by 1.31% reported in 2016Q4 SEC filing. They may also be used to help the trader figure out proper support and resistance levels for the stock. Asset Management Group holds 0.23% or 9,205 shares in its portfolio. Wall Street analysts are looking for the company to grow 5.74% over the next year and 21.04% over the next five years. It is 0.03% or $0 reaching $19.97 per share. Janney Montgomery Scott Ltd Liability Co accumulated 6,955 shares or 0.01% of the stock. Its up 48.33% from 18,000 shares previously. Bank & Trust Of Nova Scotia owns 198,627 shares. Pnc Fin Services Grp owns 1,000 shares or 0% of their United States portfolio. Analysts expect that American Midstream Partners, will post $0.42 earnings per share for the current fiscal year. The Firm owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL's and Noble Energy's production in the Marcellus Shale in Pennsylvania and West Virginia. The firm has "Sector Perform" rating given on Thursday, November 5 by RBC Capital Markets. The Company's segments include Gathering and Transmission. It has a 19.51 P/E ratio. The opposite is the case when the RSI line is heading lower.

Since March 31, 2017, it had 0 buys, and 1 sale for $76,526 activity. The shares were sold at an average price of $76.45, for a total transaction of $76,526.45. The Benin Management Corp holds 34,730 shares with $2.70 million value, down from 46,380 last quarter. PennTex Midstream Partners, reported earnings of $0.13 per share in the same quarter last year, which suggests a positive year over year growth rate of 92.3%.

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