Access Midstream Partners Given Consensus Recommendation of “Buy” by Analysts (NYSE:ACMP)
Access Midstream Partners (NYSE:ACMP) has earned an average rating of “Buy” from the eleven brokerages that are covering the company, Stock Ratings Network reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $69.50.
Access Midstream Partners (NYSE:ACMP) opened at 61.96 on Monday. 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 $61.67 and a 200-day moving average of $59.68. The company has a market cap of $11.822 billion and a P/E ratio of 60.30.
Access Midstream Partners (NYSE:ACMP) last released its earnings data on Tuesday, July 29th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.31 earnings per share. Access Midstream Partners’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Access Midstream Partners will post $1.54 EPS for the current fiscal year.
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, 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, 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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