Atlas Resource Partners, L.P. (ARP) Announces Jul 14 Dividend of $0.20
Atlas Resource Partners, L.P. (NYSE:ARP) declared a jul 14 dividend on Monday, August 25th, American Banking and Market News reports. Investors of record on Thursday, September 4th will be given a dividend of 0.1966 per share on Friday, September 12th.
A number of analysts have recently weighed in on ARP shares. 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. 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. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.10.
Atlas Resource Partners, L.P. (NYSE:ARP) traded up 0.81% on Monday, hitting $19.94. 362,752 shares of the company’s stock traded hands. Atlas Resource Partners, L.P. has a 52 week low of $18.78 and a 52 week high of $23.18. The stock’s 50-day moving average is $20.13 and its 200-day moving average is $20.61. The company’s market cap is $1.626 billion.
Atlas Resource Partners, L.P. (NYSE:ARP) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.08. On average, analysts predict that Atlas Resource Partners, L.P. will post $-0.37 earnings per share for the current fiscal year.
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.
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