Insider Selling: Bradley D. Mueller Sells 1,625 Shares of Access Midstream Partners Stock (ACMP)
Access Midstream Partners (NYSE:ACMP) VP Bradley D. Mueller sold 1,625 shares of Access Midstream Partners stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $62.37, for a total transaction of $101,351.25. Following the transaction, the vice president now directly owns 9,289 shares of the company’s stock, valued at approximately $579,355. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Access Midstream Partners (NYSE:ACMP) traded up 1.17% on Tuesday, hitting $63.01. 291,489 shares of the company’s stock traded hands. Access Midstream Partners has a 52-week low of $44.75 and a 52-week high of $66.71. The stock’s 50-day moving average is $61.66 and its 200-day moving average is $59.91. The company has a market cap of $12.022 billion and a P/E ratio of 60.82.
Access Midstream Partners (NYSE:ACMP) last issued its quarterly 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. On average, analysts predict that Access Midstream Partners will post $1.54 earnings per share 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.50.
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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