Access Midstream Partners Downgraded to Neutral at Ladenburg Thalmann (ACMP)
A number of other firms have also recently commented on ACMP. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Access Midstream Partners in a research note on Monday. They now have a $70.00 price target on the stock, up previously from $68.00. Separately, analysts at Bank of America downgraded shares of Access Midstream Partners from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $65.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Access Midstream Partners from $67.00 to $75.00 in a research note on Monday. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.64.
Shares of Access Midstream Partners (NYSE:ACMP) opened at 66.57 on Tuesday. Access Midstream Partners has a 1-year low of $44.75 and a 1-year high of $66.59. The stock’s 50-day moving average is $61.25 and its 200-day moving average is $57.18. The company has a market cap of $12.617 billion and a P/E ratio of 60.41.
Access Midstream Partners (NYSE:ACMP) last announced its earnings results on Tuesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.17. The company had revenue of $277.07 million for the quarter, compared to the consensus estimate of $284.45 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that Access Midstream Partners will post $1.62 earnings per share for the current fiscal year.
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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