American Midstream Partners LP (AMID) was Upgraded by Ladenburg Thalmann to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Jul 21, 2016.
American Midstream Partners LP opened for trading at $12.05 and hit $12.09 on the upside on Wednesday, eventually ending the session at $12, with a gain of 1.61% or 0.19 points. The heightened volatility saw the trading volume jump to 1,13,772 shares. Company has a market cap of $371 M.
In a different news, on Dec 23, 2015, Gerald A Tywoniuk (director) purchased 2,000 shares at $6.99 per share price. According to the SEC, on Dec 18, 2015, Lynn L Iii Bourdon (CEO) purchased 5,000 shares at $4.07 per share price. On Dec 15, 2015, Kevin J. Sullivan (Executive Vice President) purchased 10,000 shares at $5.84 per share price, according to the Form-4 filing with the securities and exchange commission.
American Midstream Partners LP owns operates develops and acquires a diversified portfolio of midstream energy assets. The Company gathers treats processes and transports natural gas fractionates natural gas liquids (NGLs) and stores specialty chemical products through its ownership and operation of 12 gathering systems five processing facilities three fractionation facilities three interstate pipelines five intrastate pipelines and four marine terminal sites. The Company operates through three segments: Gathering and Processing Transmission and Terminals. The Gathering and Processing segment gathers processes transports and treats natural gas. The Transmission segment transports natural gas. The Terminals segment provides above-ground storage services at the Company’s marine terminals that support commodity brokers refiners and chemical manufacturers to store a range of products including petroleum products distillates chemicals and agricultural products.