Atlas Pipeline Partners, L.P. Rating Reiterated by Stifel Nicolaus (APL)
Atlas Pipeline Partners, L.P. (NYSE:APL)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Wednesday. They currently have a $36.00 price objective on the stock, up from their previous price objective of $34.00. Stifel Nicolaus’ price objective would indicate a potential upside of 8.40% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Atlas Pipeline Partners, L.P. in a research note on Wednesday. They now have a $36.00 price target on the stock. 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 Wednesday, July 9th. They now have a $32.20 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Atlas Pipeline Partners, L.P. has an average rating of “Hold” and a consensus price target of $36.37.
Shares of Atlas Pipeline Partners, L.P. (NYSE:APL) traded down 1.45% during mid-day trading on Wednesday, hitting $33.21. 548,593 shares of the company’s stock traded hands. Atlas Pipeline Partners, L.P. has a 1-year low of $28.88 and a 1-year high of $40.02. The stock has a 50-day moving average of $34. and a 200-day moving average of $32.7. The company’s market cap is $2.689 billion.
Atlas Pipeline Partners, L.P. (NYSE:APL) last released its earnings data on Monday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.02. Analysts expect that Atlas Pipeline Partners, L.P. will post $-0.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, August 7th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, August 5th. This is an increase from Atlas Pipeline Partners, L.P.’s previous quarterly dividend of $0.62.
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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