Atlas Pipeline Partners, L.P. Hits New 52-Week Low at $31.89 (APL)
Shares of Atlas Pipeline Partners, L.P. (NYSE:APL) hit a new 52-week low during trading on Wednesday, Analyst RN reports. The stock traded as low as $31.89 and last traded at $33.50, with a volume of 1,704,391 shares trading hands. The stock had previously closed at $34.18.
A number of research firms have recently commented on APL. Analysts at Zacks upgraded shares of Atlas Pipeline Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $34.60 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Atlas Pipeline Partners, L.P. in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Atlas Pipeline Partners, L.P. from $43.00 to $41.00 in a research note to investors on Tuesday, December 10th. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Atlas Pipeline Partners, L.P. presently has an average rating of “Hold” and a consensus target price of $37.87.
Atlas Pipeline Partners, L.P. has a 52-week low of $31.89 and a 52-week high of $40.06. The stock has a 50-day moving average of $34.38 and a 200-day moving average of $37.05. The company’s market cap is $2.661 billion.
Atlas Pipeline Partners, L.P. (NYSE:APL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $1.09. The company had revenue of $557.87 million for the quarter, compared to the consensus estimate of $576.70 million. Analysts expect that Atlas Pipeline Partners, L.P. will post $-0.91 EPS for the current fiscal year.
Atlas Pipeline Partners, L.P. is a provider of natural gas gathering services in the Anadarko and Permian Basins located in the southwestern and mid-continent United States and the Appalachian Basin in the eastern United States.
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