Atlas Energy Given New $60.00 Price Target at Robert W. Baird (ATLS)
Equities researchers at Robert W. Baird decreased their price target on shares of Atlas Energy (NASDAQ:ATLS) from $62.00 to $60.00 in a research report issued on Tuesday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 15.34% from the company’s current price.
Shares of Atlas Energy (NASDAQ:ATLS) opened at 52.02 on Tuesday. Atlas Energy has a 52 week low of $31.15 and a 52 week high of $55.89. The stock’s 50-day moving average is $51.79 and its 200-day moving average is $50.54. The company’s market cap is $2.673 billion.
Atlas Energy (NASDAQ:ATLS) last announced its earnings results on Thursday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $643.80 million for the quarter, compared to the consensus estimate of $636.04 million. Analysts expect that Atlas Energy will post $1.63 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Atlas Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 13th. They now have a $49.90 price target on the stock.
Atlas Energy, Inc, formerly Atlas America, Inc, is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin.
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