Access Midstream Partners LP Sets New 1-Year High at $49.31 (ACMP)
Access Midstream Partners LP (NASDAQ:ACMP) set a new 52-week high during trading hours on Tuesday, ARN reports. The company traded as high as $49.31 and last traded at $49.12, with a volume of 151,408 shares. The stock had previously closed at $48.31.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Access Midstream Partners LP (NASDAQ:ACMP) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $57.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Access Midstream Partners LP (NASDAQ:ACMP) in a research note to investors on Thursday, August 22nd. They now have a $43.00 price target on the stock. Finally, analysts at Ladenburg Thalmann reiterated a “buy” rating on shares of Access Midstream Partners LP (NASDAQ:ACMP) in a research note to investors on Thursday, August 22nd. They now have a $52.00 price target on the stock. Eleven research analysts have rated the stock with a buy rating, Access Midstream Partners LP currently has an average rating of “Buy” and a consensus price target of $50.60.
In other Access Midstream Partners LP news, major shareholder Infrastructure Investor Global sold 1,000,000 shares of Access Midstream Partners LP stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $46.11, for a total transaction of $46,110,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Access Midstream Partners LP has a 1-year low of $30.10 and a 1-year high of $49.29. The stock has a 50-day moving average of $46.58 and a 200-day moving average of $44.68. The company has a market cap of $8.663 billion and a P/E ratio of 43.41.
Access Midstream Partners LP (NASDAQ:ACMP) last released its earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $247.20 million for the quarter, compared to the consensus estimate of $248.35 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 65.6% on a year-over-year basis. On average, analysts predict that Access Midstream Partners LP will post $1.29 earnings per share for the current fiscal year.
Access Midstream Partners, L.P., formerly Chesapeake Midstream Partners, L.P., is a midstream natural gas services provider with operations focused on owning, operating, developing and acquiring midstream energy assets in the United States.
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