Access Midstream Partners Given Consensus Recommendation of “Buy” by Brokerages (NYSE:ACMP)
Access Midstream Partners (NYSE:ACMP) has received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, AnalystRatings.NET reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $65.38.
Access Midstream Partners (NYSE:ACMP) opened at 66.57 on Monday. Access Midstream Partners has a one year low of $44.75 and a one year high of $66.59. The stock has a 50-day moving average of $61.25 and a 200-day moving average of $57.18. The company has a market cap of $12.617 billion and a price-to-earnings ratio of 60.41.
Access Midstream Partners (NYSE:ACMP) last released its earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.14 earnings per share. Access Midstream Partners’s revenue was up 16.9% compared to the same quarter last year. Analysts expect that Access Midstream Partners will post $1.62 EPS for the current fiscal year.
A number of research firms have 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.
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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