Share on StockTwits

Access Midstream Partners (NYSE:ACMP) major shareholder Infrastructure Investor Global sold 48,742,361 shares of the stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $65.36, for a total value of $3,185,800,714.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ACMP has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Access Midstream Partners in a research note on Monday, June 23rd. They set a “buy” rating and a $69.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Access Midstream Partners from $64.00 to $69.00 in a research note on Thursday, June 19th. Finally, analysts at Wunderlich raised their price target on shares of Access Midstream Partners from $64.00 to $77.00 in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $67.78.

Access Midstream Partners (NYSE:ACMP) opened at 63.88 on Thursday. Access Midstream Partners has a 52-week low of $44.75 and a 52-week high of $66.71. The stock has a 50-day moving average of $62.39 and a 200-day moving average of $58.0. The company has a market cap of $12.108 billion and a price-to-earnings ratio of 59.34.

Access Midstream Partners (NYSE:ACMP) last released its earnings data on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that Access Midstream Partners will post $1.59 EPS 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.