American Midstream Partners (NYSE:AMID) Shares Cross Above Fifty Day Moving Average of $5.20

American Midstream Partners LP (NYSE:AMID)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.20 and traded as high as $5.16. American Midstream Partners shares last traded at $5.16, with a volume of 3,555 shares trading hands.

The company has a quick ratio of 0.23, a current ratio of 0.25 and a debt-to-equity ratio of 4.76. The stock’s 50 day simple moving average is $5.20.

American Midstream Partners (NYSE:AMID) last posted its quarterly earnings results on Friday, May 10th. The pipeline company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.15). American Midstream Partners had a negative net margin of 0.92% and a negative return on equity of 4.48%. The business had revenue of $172.83 million during the quarter.

Institutional investors have recently bought and sold shares of the business. ArcLight Capital Partners LLC raised its stake in American Midstream Partners by 10.1% in the fourth quarter. ArcLight Capital Partners LLC now owns 15,385,954 shares of the pipeline company’s stock valued at $46,619,000 after buying an additional 1,408,245 shares in the last quarter. Cohen & Steers Inc. purchased a new position in shares of American Midstream Partners during the fourth quarter worth about $660,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of American Midstream Partners during the fourth quarter worth about $5,794,000. Peak Asset Management LLC purchased a new position in shares of American Midstream Partners during the fourth quarter worth about $429,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of American Midstream Partners by 21.3% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 19,000 shares of the pipeline company’s stock worth $58,000 after purchasing an additional 3,341 shares during the last quarter. Institutional investors own 46.00% of the company’s stock.

American Midstream Partners Company Profile (NYSE:AMID)

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 and Mexico. Its Gas Gathering and Processing Services segment offers services to producers of natural gas and crude oil, including transporting raw natural gas and crude oil from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs from the natural gas, fractionating NGLs, and selling or delivering pipeline-quality natural gas and NGLs.

Further Reading: What Factors Can Affect Return on Equity?

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