UPDATE: UBS Upgrades American Midstream (AMID) to Neutral
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Barclays Upgrades American Midstream (AMID) to Overweight
August 12, 2015 6:45 AM EDTBarclays upgraded American Midstream (NYSE: AMID) from Equalweight to Overweight with a price target of $20.00.
For an analyst ratings summary and ratings history on American Midstream click here. For more ratings news on American Midstream click here.
Shares of American Midstream closed at $14.39 yesterday.
... MoreAmerican Midstream Partners (AMID) Anounces Drop-down Plan from Affiliate of ArcLight
August 10, 2015 4:40 PM EDTAmerican Midstream Partners, LP (NYSE: AMID) (Partnership) today announced the intention of an affiliate of ArcLight Capital Partners, LLC (ArcLight), which controls the general partner of the Partnership, to drop down 25 percent of ArcLights 51.7 percent controlling interest in Delta House, a fee-based, semi-submersible floating production system (FPS) and associated oil and gas export pipelines in the deepwater Gulf of Mexico.
Delta House was financed in December 2012 by an equity consortium led by ArcLight and commenced operations in the second quarter of 2015, at which point ArcLight and American Midstream began formal discussions regarding the proposed drop... More
American Midstream Partners (AMID) Misses Q2 EPS by 38c
August 10, 2015 4:36 PM EDTAmerican Midstream Partners (NYSE: AMID) reported Q2 EPS of ($0.35), $0.38 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $67.5 million versus the consensus estimate of $105.04 million.
For earnings history and earnings-related data on American Midstream Partners (AMID) click here.
... More