Stock with News Alert – American Midstream Partners, LP (NYSE:AMID)

American Midstream Partners, LP (NYSE:AMID) has market worth of 584.76M along 53.16M outstanding shares. The stock moved -0.90% to $11 in recent session. The recent traded volume was 99353 shares. The stock closed at $11.1 on the previous day. The stock made income -118.10M on sales of 593.20M. ROA sticks to -5.70% and ROI is -1.40%. The shares registered RSI (14) at 29.79 and ATR factor was seen at 0.49.

American Midstream Partners, LP (NYSE:AMID) reported that the proposed revisions outlined by the Federal Energy Regulatory Commission (“FERC”) regarding its 2005 Policy Statement for Recovery of Income Tax Costs, are projected to have a negligible impact on the financial results of the Partnership.  The FERC declared, on March 15, 2018, that it plans to revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it no longer will allow interstate pipelines owned by Master Limited Partnerships to recover an income tax allowance in the cost of service.

After consideration of the proposed policy changes by the FERC, American Midstream has determined, that based on the current rate structure on the Partnership’s FERC regulated pipelines, the proposed changes are expected to have a negligible impact on the earnings and cash flow of the Partnership.  Further, any proposed FERC policy revisions will have limited application to American Midstream, as a substantial majority of the Partnership’s operations are not FERC regulated.

American Midstream Partners, LP (NYSE:AMID) stock has recorded a weekly performance of -7.95% and monthly performance is -13.04%. Shares have moved -16.03% over the last quarter and changed -19.12% over the recent six months. The shares registered yearly performance at -29.71% and YTD move seen at -17.60%.

In terms of profitability, American Midstream Partners, LP has a gross margin of 34.10%, an operating margin of -14.20% and a net profit margin of -20.30%. Return on assets come to -5.70% and return on investment coming to -1.40% while Return on equity come to -22.00%.

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