Eagle & Beagle
Less than one third of our local stocks finished last week with higher prices than they began it — and most of those gains were miserly.
The top performer among stocks with Oklahoma ties was Access Midstream Partners LP, formerly known as Chesapeake Midstream Partners LP.
Units of ACMP gained 4.6 percent last week to close Friday at $33.13. The shares set a 52-week high of $33.65 on Thursday.
Access Midstream shares have been on the upswing for weeks, and a mid-September upgrade from Morgan Stanley didn't hurt. That upgrade was accompanied by an increase in the share target price to $39.
For long-term investors, the weekly price gain was modest. But it gains stature in the context of the performance of its peers and the wider market.
As noted above, it was a tough week for our local firms on Wall Street, but the entire market drooped the last several days of what has been a strong quarter.