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Stock analysts at JPMorgan Chase & Co. started coverage on shares of Atlas Pipeline Partners, L.P. (NYSE:APL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Atlas Pipeline Partners, L.P. (NYSE:APL) opened at 34.79 on Tuesday. 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 $34.69 and a 200-day moving average of $32.83. The company’s market cap is $2.859 billion.

Atlas Pipeline Partners, L.P. (NYSE:APL) last issued its quarterly 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. On average, analysts predict that Atlas Pipeline Partners, L.P. will post $-0.07 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Atlas Pipeline Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $34.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Atlas Pipeline Partners, L.P. in a research note on Wednesday, August 6th. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Atlas Pipeline Partners, L.P. in a research note on Wednesday, August 6th. They now have a $36.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Atlas Pipeline Partners, L.P. has a consensus rating of “Hold” and an average target price of $36.67.

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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