Access Midstream Partners Given Average Rating of “Buy” by Analysts (NYSE:ACMP)
Shares of Access Midstream Partners (NYSE:ACMP) have been given a consensus rating of “Buy” by the twelve brokerages that are covering the stock, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.44.
A number of research firms have recently commented on ACMP. Analysts at RBC Capital reiterated an “outperform” rating on shares of Access Midstream Partners in a research note on Thursday. They now have a $71.00 price target on the stock, down previously from $75.00. Separately, analysts at Ladenburg Thalmann upgraded shares of Access Midstream Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. They now have a $69.00 price target on the stock. Finally, 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.
Access Midstream Partners (NYSE:ACMP) opened at 60.22 on Monday. Access Midstream Partners has a 1-year low of $44.75 and a 1-year high of $66.71. The stock has a 50-day moving average of $62.88 and a 200-day moving average of $59.24. The company has a market cap of $11.499 billion and a price-to-earnings ratio of 66.83.
Access Midstream Partners (NYSE:ACMP) last released its earnings data on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.12. The company had revenue of $292.90 million for the quarter, compared to the consensus estimate of $300.59 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Access Midstream Partners will post $1.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Tuesday, August 5th. This is a boost from Access Midstream Partners’s previous quarterly dividend of $0.58.
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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