American Midstream Partners, LP ( AMID ), a natural gas gathering, treating, processing, and transporting company, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.AMER MIDSTREAM (AMID): Free Stock Analysis ReportTo read this article on Zacks.com click here.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMID's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that American Midstream could be a solid choice for investors.
Current Quarter Estimates for AMID
In the past 30 days, 2 estimates have gone higher for American Midstream while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 54 cents a share 30 days ago, to a loss of 42 cents today, a move of 22.2%.
Current Year Estimates for AMID
Meanwhile, American Midstream's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no estimates moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $6.24 per share 30 days ago to a loss of $5.97 per share today, an improvement of 4.3%.
The stock has also started to move higher lately, adding 12.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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