American Midstream Partners, LP stated a 1780 loss of shares from 30 June - 15 July – a 2.8% of short interest.
As a result, Zacks upgraded American’s shares from a strong sell rating to a hold rating.
Zacks stated: “American Midstream Partners owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. Its primary assets – located in Alabama, Louisiana, Mississippi, Tennessee and Texas – provide an infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers.”
Recently, other brokerages have upgraded their ratings – Wunderlich repeated their buy rating on American and TheStreet advanced their rating from sell to hold; the company now has an average hold rating and a consensus price target of US$20.33.
Read the article online at: https://www.worldpipelines.com/business-news/30072015/american-midstream-partners-stock-insight-update/