Atlas Pipeline Partners, L.P. Stock Rating Lowered by Barclays (APL)
Atlas Pipeline Partners, L.P. (NYSE:APL) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, Analyst Ratings News reports. They currently have a $41.00 price objective on the stock. Barclays’ price objective suggests a potential upside of 32.26% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of Atlas Pipeline Partners, L.P. (NYSE:APL) traded down 2.81% on Wednesday, hitting $30.13. The stock had a trading volume of 2,521,662 shares. Atlas Pipeline Partners, L.P. has a 52-week low of $29.70 and a 52-week high of $40.06. The stock has a 50-day moving average of $33.51 and a 200-day moving average of $36.05. The company’s market cap is $2.396 billion.
APL has been the subject of a number of other recent research reports. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Atlas Pipeline Partners, L.P. has an average rating of “Hold” and an average target price of $36.80.
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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