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Deutsche Bank began coverage on shares of Atlas Pipeline Partners, L.P. (NYSE:APL) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

In other Atlas Pipeline Partners, L.P. news, Chairman Edward Cohen purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of $30.23 per share, with a total value of $302,300.00. Following the completion of the acquisition, the chairman now directly owns 209,000 shares in the company, valued at approximately $6,318,070. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A number of other firms have also recently commented on APL. Analysts at Barclays downgraded shares of Atlas Pipeline Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 19th. They now have a $41.00 price target on the stock. They noted that the move was a valuation call. Separately, 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 Zacks upgraded shares of Atlas Pipeline Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 17th. They now have a $34.60 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.80.

Atlas Pipeline Partners, L.P. (NYSE:APL) traded down 0.29% during mid-day trading on Wednesday, hitting $30.80. The stock had a trading volume of 332,553 shares. Atlas Pipeline Partners, L.P. has a 52-week low of $29.70 and a 52-week high of $40.06. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $35.86. The company’s market cap is $2.460 billion.

Atlas Pipeline Partners, L.P. is a provider of natural gas gathering and processing services in the Anadarko and Permian Basins located in the southwestern and mid-continent regions of the United States; a provider of natural gas gathering services in the Appalachian Basin in the northeastern region of the United States and a provider of natural gas liquid (NYSE:APL) transportation services in the southwestern region of the United States.

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