News stories about American Midstream (NYSE:AMID) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Midstream earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 46.3460007886286 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- American Midstream Strengthens Management Team with Veteran Chief Accounting Officer Karen Acree (finance.yahoo.com)
- American Midstream (AMID) Upgraded by ValuEngine to Hold (americanbankingnews.com)
- American Midstream Partners, LP (NYSE:AMID) and Cryoport, Inc. (NasdaqCM:CYRX)’s Volatility Readings Hit Above … (concordiareview.com)
- American Midstream (AMID) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Cushing’s oil market clout wanes amid U.S. export boom (hellenicshippingnews.com)
Several analysts have issued reports on AMID shares. ValuEngine lowered American Midstream from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. UBS reissued a “buy” rating and set a $16.00 price target (down previously from $17.00) on shares of American Midstream in a report on Wednesday, March 14th. Finally, TheStreet lowered American Midstream from a “c-” rating to a “d+” rating in a report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.25.
American Midstream (NYSE:AMID) last released its quarterly earnings results on Monday, March 12th. The pipeline company reported ($2.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($2.75). American Midstream had a negative net margin of 18.07% and a negative return on equity of 42.80%. The company had revenue of $167.58 million for the quarter.
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About American Midstream
American Midstream Partners, LP provides midstream infrastructure that links the producers of natural gas, crude oil, natural gas liquids (NGLs), condensate, and specialty chemicals to various intermediate and end-use markets in the United States. The company's Gathering and Processing segment includes midstream natural gas systems that provide natural gas, NGLs, and condensate gathering, compression, treating, processing, fractionating, transporting, and selling services to the producers of natural gas and crude oil.
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