Atlas Resource Partners, L.P. PT Raised to $23.00 (ARP)
Equities researchers at Wunderlich raised their target price on shares of Atlas Resource Partners, L.P. (NYSE:ARP) from $22.00 to $23.00 in a research report issued on Friday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Wunderlich’s price objective suggests a potential upside of 2.40% from the company’s current price.
Shares of Atlas Resource Partners, L.P. (NYSE:ARP) opened at 22.46 on Friday. Atlas Resource Partners, L.P. has a 52 week low of $18.30 and a 52 week high of $25.71. The stock has a 50-day moving average of $21.08 and a 200-day moving average of $20.83. The company’s market cap is $1.335 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Monday, February 10th will be paid a dividend of 0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.33%. The ex-dividend date is Thursday, February 6th. This is a boost from Atlas Resource Partners, L.P.’s previous quarterly dividend of $0.56.
Separately, 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 given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.33.
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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