Access Midstream Partners Given Consensus Recommendation of “Buy” by Analysts (NYSE:ACMP)
Access Midstream Partners (NYSE:ACMP) has received an average recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Analyst Ratings News reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $69.50.
A number of analysts have recently weighed in on ACMP shares. Analysts at RBC Capital reiterated an “outperform” rating on shares of Access Midstream Partners in a research note on Thursday, July 31st. 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) traded down 0.29% during mid-day trading on Monday, hitting $61.14. 42,718 shares of the company’s stock traded hands. Access Midstream Partners has a one year low of $44.75 and a one year high of $66.71. The stock has a 50-day moving average of $61.90 and a 200-day moving average of $59.52. The company has a market cap of $11.665 billion and a price-to-earnings ratio of 59.88.
Access Midstream Partners (NYSE:ACMP) last announced its earnings results on Tuesday, July 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Access Midstream Partners will post $1.56 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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