Access Midstream Partners Receives Average Recommendation of “Buy” from Analysts (NYSE:ACMP)
Access Midstream Partners (NYSE:ACMP) has received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered 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 1-year low of $44.75 and a 1-year 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 price-to-earnings 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. On average, analysts predict that Access Midstream Partners will post $1.54 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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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