Access Midstream Partners Given Consensus Rating of “Buy” by Analysts (NYSE:ACMP)
Shares of Access Midstream Partners (NYSE:ACMP) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, ARN reports. Six equities research analysts have rated the stock with a buy recommendation, The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.22.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Access Midstream Partners from $64.00 to $66.00 in a research note on Thursday. Finally, analysts at Wunderlich upgraded shares of Access Midstream Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. They now have a $64.00 price target on the stock, up previously from $56.00.
Shares of Access Midstream Partners (NYSE:ACMP) traded up 0.49% on Monday, hitting $59.2199. 8,443 shares of the company’s stock traded hands. Access Midstream Partners has a 52-week low of $39.64 and a 52-week high of $59.22. The stock’s 50-day moving average is $56.98 and its 200-day moving average is $54.26. The company has a market cap of $11.200 billion and a P/E ratio of 51.65.
Access Midstream Partners, L.P., formerly Chesapeake Midstream Partners, LLC. (NYSE:ACMP), owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems and other midstream energy assets.
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