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Mar 30 2016

Atlas Resource Partners, L.P. (NYSE: ARP) Plans $0.01 Feb 16 Dividend

ARP– Article Below

 

 

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ARP– Article

Atlas Resource Partners, L.P. (NYSE:ARP) announced a feb 16 dividend on Tuesday, March 29th,Analyst Ratings Network.com reports. Stockholders of record on Friday, April 8th will be paid a dividend of 0.0125 per share on Thursday, April 14th.

ARP has been the topic of several research reports. Zacks Investment Research raised shares of Atlas Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, February 24th. FBR & Co. decreased their price target on shares of Atlas Resource Partners, L.P. from $1.50 to $1.00 in a research note on Wednesday, January 27th. Citigroup Inc. downgraded shares of Atlas Resource Partners, L.P. from a “neutral” rating to a “sell” rating in a research note on Monday, March 21st. Stifel Nicolaus downgraded shares of Atlas Resource Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Monday, February 29th. Finally, Wells Fargo downgraded shares of Atlas Resource Partners, L.P. from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 18th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.92.

Atlas Resource Partners, L.P. (NYSE:ARP) traded down 1.4348% during midday trading on Tuesday, hitting $0.6801. 223,053 shares of the stock were exchanged. The stock’s market cap is $69.47 million. Atlas Resource Partners, L.P. has a 12-month low of $0.56 and a 12-month high of $9.35. The firm has a 50 day moving average of $0.78 and a 200-day moving average of $1.61.

Atlas Resource Partners, L.P. is an independent developer and producer of natural gas, crude oil and natural gas liquids (NYSE:ARP), with operations in basins across the United States. The Company is a sponsor and manager of tax-advantaged investment partnerships (Drilling Partnerships), in which it co-invests, to finance a portion of its natural gas, crude oil and natural gas liquids production activities.

Source: American Banking and Market News

 

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Written by broadAdmin · Categorized: Uncategorized

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