Access Midstream Partners Given New $63.00 Price Target at Ladenburg Thalmann (ACMP)
Equities research analysts at Ladenburg Thalmann hoisted their price target on shares of Access Midstream Partners (NASDAQ:ACMP) from $56.00 to $63.00 in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s price objective would suggest a potential upside of 9.64% from the stock’s previous close.
Shares of Access Midstream Partners (NASDAQ:ACMP) traded up 0.35% on Wednesday, hitting $57.66. The stock had a trading volume of 330,454 shares. Access Midstream Partners has a one year low of $35.90 and a one year high of $58.78. The stock’s 50-day moving average is $55.65 and its 200-day moving average is $51.25. The company has a market cap of $10.197 billion and a P/E ratio of 47.29.
Access Midstream Partners (NASDAQ:ACMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.04. The company had revenue of $328.10 million for the quarter, compared to the consensus estimate of $298.47 million. Analysts expect that Access Midstream Partners will post $1.66 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Access Midstream Partners from $62.00 to $65.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Access Midstream Partners from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $57.80 price target on the stock. Finally, analysts at Zacks downgraded shares of Access Midstream Partners from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 15th. They now have a $53.70 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Access Midstream Partners presently has a consensus rating of “Buy” and an average target price of $55.58.
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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