Atlas Energy Upgraded by Zacks to “Neutral” (ATLS)
Atlas Energy (NASDAQ:ATLS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm currently has a $45.70 target price on the stock. Zacks‘s price target indicates a potential upside of 2.28% from the stock’s previous close.
Shares of Atlas Energy (NASDAQ:ATLS) traded up 0.19% on Thursday, hitting $44.7652. 168,508 shares of the company’s stock traded hands. Atlas Energy has a one year low of $38.27 and a one year high of $55.89. The stock’s 50-day moving average is $44.59 and its 200-day moving average is $43.03. The company’s market cap is $2.322 billion.
Atlas Energy (NASDAQ:ATLS) last announced its earnings results on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.21. On average, analysts predict that Atlas Energy will post $-0.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Monday, August 4th. This is a boost from Atlas Energy’s previous quarterly dividend of $0.46.
A number of other analysts have also recently weighed in on ATLS. Analysts at RBC Capital initiated coverage on shares of Atlas Energy in a research note on Wednesday, July 2nd. They set an “outperform” rating and a $55.00 price target on the stock. Analysts at Robert W. Baird cut their price target on shares of Atlas Energy from $48.00 to $47.00 in a research note on Thursday, May 22nd.
Atlas Energy, Inc, formerly Atlas America, Inc, is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin.
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for Atlas Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.