Access Midstream Partners, L.P. (ACMP) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ACMP, as the stock is now down 4.2% in the past one-month time frame.
Although this slump was obviously disappointing, this gas services provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for ACMP. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
ACMP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the Oil/Gas Production Pipeline MLP industry include Delek Logistics Partners, LP. (DKL), Magellan Midstream Partners LP (MMP) and TC PipeLines, LP (TCP). All these stocks carry a Zacks Rank #1 (Strong Buy).
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