Share on StockTwits

Shares of Atlas Resource Partners, L.P. (NYSE:ARP) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $23.10.

Shares of Atlas Resource Partners, L.P. (NYSE:ARP) opened at 20.26 on Friday. Atlas Resource Partners, L.P. has a 1-year low of $18.78 and a 1-year high of $23.18. The stock’s 50-day moving average is $20.29 and its 200-day moving average is $20.78. The company’s market cap is $1.333 billion.

The company also recently declared a jun 14 dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.1966 per share. This represents a yield of 11.31%. The ex-dividend date of this dividend is Monday, August 4th. This is a boost from Atlas Resource Partners, L.P.’s previous jun 14 dividend of $0.19.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Atlas Resource Partners, L.P. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $19.80 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Atlas Resource Partners, L.P. in a research note on Tuesday, May 27th. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Atlas Resource Partners, L.P. in a research note on Thursday, May 22nd. They now have a $21.00 price target on the stock, down previously from $22.00.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.