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ACMP

Access Midstream Partners, L.P.

5/18/2013, 8:14 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 17, 3:41 PM Deutsche Bank raises its price target on Buy-rated Access Midstream Partners (ACMP +1.4%) to $57 from $46 after the MLP's analyst day introduced guidance for 20% EBITDA growth into 2015. A peak in organic capex this year, a 1.4x distribution coverage ratio, and no need for equity issuance for three years show a potential for distribution growth to top expectations. Comment! [Energy, Quick Ideas]
Wednesday, May 15, 4:53 PM Ned Davis Research finds MLPs in a familiar bind: They look rich by historical standards but not relative to income investing alternatives. Judging MLPs just by distributable cash flow, their 6.85% average DCF yield is well below their long-term 9.2% median, which would make MLPs “dramatically overvalued." NDR's favorites on a pullback: ETP, OKS, EEP, EPB, ACMP. 9 Comments [Energy, Quick Ideas]
Thursday, May 2, 2:58 PM Enterprise Products Partners (EPD), fresh off another strong quarter, stands atop Raymond James' list of energy stocks and MLPs to buy. Alliance Holdings (AHGP) and Alliance Resource Partners (ARLP) offer attractive distributions. Other favorites: VLO, APA, STR, TLLP, ACMP, QEP. Comment! [Energy, Quick Ideas]
Wednesday, May 1, 4:40 AM Access Midstream Partners (ACMP): Q1 EPS of $0.14. Revenue of $236.96M beats by $12.16M. Comment! [Earnings, Breaking News]
Tuesday, April 30, 11:42 AM Growing distributions while growing the business is the key for MLPs for the rest of 2013, and Merrill's MLP research team highlights energy partnerships it believes can expand their current business models while raising their distributions to shareholders. Likely to enjoy the highest payout increases: ACMP, BPL, EEP, EPD, GEL, NRGM, MWE, PAA. Comment! [Energy, Quick Ideas]
Friday, April 12, 2:56 PM Despite a strong Q1, UBS remains enthusiastic about master limited partnerships, whose infrastructure investments will be accretive to distributable cash flow which, in turn, should result in distribution growth well above the overall market. Five MLPs the firm says it's OK to buy now despite the run-up: PNG, EROC, ACMP, GEL, ETE. 1 Comment [Energy, Quick Ideas]
Tuesday, April 2, 8:41 AM With the natural gas sector showing an average dividend yield of 3.6% and a dividend growth rate of more than 10% vs. the S&P 500 dividend yield of 2.1% and dividend growth of ~5%, Deutsche Bank is bullish on the sector and expects more upside in 2013 and beyond. The firm's top buys: PAA, EPD, KMP, KMR, WES, ACMP. 1 Comment [Energy, Quick Ideas]
Tuesday, March 26, 6:55 PM It's understandable that MLP investors would be irritated as several - Calumet Specialty (CLMT) and Access Midstream (ACMP) are the latest - again revisit the trough for more capital and dilute their holdings, but demand for MLPs is so strong that unit prices of some involved in recent financings - BWP, DPM, EPB, EPD, MCEP - already have recouped initial losses and gained since their announcements. 18 Comments [Energy]
Tuesday, March 26, 5:45 PM After-hours top gainers, as of 5:15 p.m.: MXWL +9%. SAI +4%. OWW +3%. SPLK +3%. SUPN +3%.
After-hours top losers: LNDC -8%. ACMP -4%. EOG -4%. PXD -3%. LOGM -3%. 1 Comment [On the Move]
Tuesday, March 26, 4:27 PM Access Midstream Partners (ACMP) -4.1% AH after announcing a public offering of 9M common units. ACMP plans to use net proceeds for general partnership purposes, including paying down debt. Comment! [Energy, On the Move]
Thursday, March 21, 10:43 AM The MLP analyst team at Credit Suisse, which recently reported MLPs have performed well in rising interest rate environments, also offers a list of nine names to own for the next 12 months: QRE, which sports an 11% distribution; XTEX, with a 7.5% distribution; as well as LNG, CQP, TRGP, GEL, DPM, ACMP, TLLP. 1 Comment [Energy, Quick Ideas]
Tuesday, February 19, 6:50 PM One factor in big YTD gains in MLPs is new and growing institutional interest, particularly among pension funds, Morgan Stanley says. Example: Ohio's Police & Fire Pension Fund will hear presentations this week from finalists for a $645M MLP external manager mandate (5% target allocation). The firm's top MLP ideas: ACMP, ATLS, ETE, MWE, PAA, NRGY, WGP. Comment! [Energy, Quick Ideas]
Tuesday, February 19, 5:21 PM Access Midstream Partners (ACMP): Q4 EPS of $0.11 misses by $0.17. Revenue of $148.4M (-12.3% Y/Y) misses by $15M. (PR) 2 Comments [Earnings, Breaking News, Energy]
Friday, February 15, 11:27 AM Credit Suisse adds two new names to its MLP favorites and raises price targets on two others, still firm believers in a "catch-up" rally. "Everybody should own" Targa Resources (TRGP +1.2%), CS says as it forecasts 30% distribution growth guidance for the next year. Another addition is Access Midstream (ACMP). Enjoying substantial target price hikes: PAA and GEL. 1 Comment [Energy, Quick Ideas]
Thursday, January 24, 2:58 PM Barclays urges investors to look into master limited partnerships, calling the MLP selloff late last year “not sustainable" and offering eight favorites: TRGP, WMB, OKE, KMI, PAA, EQM, WES, ACMP. On Targa Resources, the firm forecasts a 36% growth in distributions this year, among the highest in the space, driven by $1.9B of organic projects under execution. (also: Barclays' top utilities) 8 Comments [Energy, Quick Ideas]
Thursday, January 3, 11:40 AM Deutsche Bank sees 2013 as another strong year for MLPs "based on the growth inherent in the $30B in organic capital expenditures that are building new infrastructure and the delivery of distribution growth of ~7% on top of the current 6.7% yield [and] within the confines of tax-related issues and the current fiscal debate." DB's current Buy-rated MLPs: ACMP, BPL, ETE, EPD, RRMS, WES. Comment! [Energy, Quick Ideas]