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Atlas Pipeline Partners, L.P. (NYSE:APL)’s share price reached a new 52-week low on Tuesday , Stock Ratings Network reports. The company traded as low as $30.22 and last traded at $31.26, with a volume of 2,324,588 shares. The stock had previously closed at $33.08.

A number of analysts have recently weighed in on APL shares. Analysts at Zacks downgraded shares of Atlas Pipeline Partners, L.P. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 11th. They now have a $31.40 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Atlas Pipeline Partners, L.P. in a research note on Wednesday, December 11th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.80.

The stock’s 50-day moving average is $33.66 and its 200-day moving average is $36.09. The company’s market cap is $2.465 billion.

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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