Atlas Energy Stock Rating Lowered by Zacks (ATLS)
Atlas Energy (NASDAQ:ATLS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, AmericanBankingNews.com reports. They currently have a $50.10 price target on the stock. Zacks‘ price objective would indicate a potential upside of 7.90% from the company’s current price.
Shares of Atlas Energy (NASDAQ:ATLS) traded down 0.88% on Wednesday, hitting $46.02. The stock had a trading volume of 100,849 shares. Atlas Energy has a 52 week low of $36.64 and a 52 week high of $55.89. The stock’s 50-day moving average is $46.06 and its 200-day moving average is $48.66. The company’s market cap is $2.366 billion.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 19th. Investors of record on Monday, February 10th will be given a dividend of 0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, February 6th.
Separately, analysts at Robert W. Baird upgraded shares of Atlas Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 27th. They now have a $59.00 price target on the stock, up previously from $51.00.
Atlas Energy, Inc, formerly Atlas America, Inc, is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin.
To view Zacks’ full report, visit www.zacks.com
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