Atlas Resource Partners, L.P. Given “Hold” Rating at Zacks (ARP)
Atlas Resource Partners, L.P. (NYSE:ARP)‘s stock had its “hold” rating restated by Zacks in a research note issued to investors on Friday, Analyst RN reports. They currently have a $21.30 price objective on the stock. Zacks‘ price target points to a potential upside of 2.65% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at MLV Capital cut their price target on shares of Atlas Resource Partners, L.P. from $28.00 to $25.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Analysts at Robert W. Baird downgraded shares of Atlas Resource Partners, L.P. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $22.00 price target on the stock, down previously from $26.00. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.38.
Shares of Atlas Resource Partners, L.P. (NYSE:ARP) traded up 0.58% during mid-day trading on Friday, hitting $20.75. The stock had a trading volume of 358,175 shares. Atlas Resource Partners, L.P. has a one year low of $18.30 and a one year high of $26.50. The stock’s 50-day moving average is $21.00 and its 200-day moving average is $22.27. The company’s market cap is $1.233 billion.
Atlas Resource Partners, L.P. (NYSE:ARP) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.31. The company had revenue of $83.33 million for the quarter, compared to the consensus estimate of $100.48 million. Analysts expect that Atlas Resource Partners, L.P. will post $0.41 EPS for the current fiscal year.
Atlas Resource Partners, L.P. (NYSE:ARP) is a limited partnership and independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, Illinois Basin and the Rocky Mountain region.
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