Atlas Resource Partners, L.P. (ARP) Announces Quarterly Dividend of $0.56
Atlas Resource Partners, L.P. (NYSE:ARP) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings Net reports. Investors of record on Wednesday, November 6th will be given a dividend of $0.56 per share on Thursday, November 14th. This represents a $2.24 dividend on an annualized basis and a yield of 11.01%.
Several analysts have recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Atlas Resource Partners, L.P. in a research note to investors on Wednesday. They set a “hold” rating and a $22.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Atlas Resource Partners, L.P. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $19.70 price target on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Atlas Resource Partners, L.P. in a research note to investors on Friday, October 18th. They now have a $21.30 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.81.
Atlas Resource Partners, L.P. (NYSE:ARP) traded up 0.05% on Thursday, hitting $20.34. The stock had a trading volume of 194,800 shares. Atlas Resource Partners, L.P. has a 52-week low of $18.30 and a 52-week high of $26.78. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $22.69. The company’s market cap is $1.209 billion.
Atlas Resource Partners, L.P. (NYSE:ARP) last released its 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 $0.51 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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