Yesterday it was reported that the SVP of American Midstreampartners Lp (AMID), Louis Dorey, exercised options to buy 15,602 AMID shares at $3.97 a share, for a total transaction value of $62.08K.
This recent transaction increases Louis Dorey’s holding in the company by 52.71% to a total of $230.4K.
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Based on American Midstreampartners Lp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $203 million and quarterly net profit of $37.78 million. In comparison, last year the company earned revenue of $163 million and had a GAAP net loss of $217 million. Currently, American Midstreampartners Lp has an average volume of 101.2K.
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American Midstream Partners LP is a provider of natural gas, crude oil, NGLs, condensate and specialty chemicals. It operates through the following segments: Gas Gathering & Processing, Liquid Pipelines & Services, Natural Gas Transportation Services, Offshore Pipelines & Services and Terminalling Services.
