Atlas Resource Partners, L.P. Declares Quarterly Dividend of $0.58 (ARP)
Atlas Resource Partners, L.P. (NYSE:ARP) announced a quarterly dividend on Wednesday, January 29th, AmericanBankingNews.com reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.58 per share on Friday, February 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.93%.
On the ratings front, analysts at Zacks downgraded shares of Atlas Resource Partners, L.P. to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Atlas Resource Partners, L.P. has a consensus rating of “Hold” and an average price target of $23.17.
Shares of Atlas Resource Partners, L.P. (NYSE:ARP) traded down 3.19% during mid-day trading on Wednesday, hitting $21.23. The stock had a trading volume of 391,114 shares. Atlas Resource Partners, L.P. has a 1-year low of $18.30 and a 1-year high of $25.71. The stock has a 50-day moving average of $20.92 and a 200-day moving average of $20.81. The company’s market cap is $1.262 billion.
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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