Atlas Resource Partners, L.P. (NYSE:ARP) announced a quarterly dividend on Wednesday, July 24th, StockRatingsNetwork reports. Stockholders of record on Tuesday, August 6th will be paid a dividend of $0.54 per share on Wednesday, August 14th. This represents a $2.16 annualized dividend and a dividend yield of 9.94%.
A number of analysts have recently weighed in on ARP shares. Analysts at JP Morgan Cazenove initiated coverage on shares of Atlas Resource Partners, L.P. in a research note to investors on Tuesday, July 9th. They set a “market perform” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Atlas Resource Partners, L.P. in a research note to investors on Tuesday, July 9th. They set a “neutral” rating and a $24.00 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of Atlas Resource Partners, L.P. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 8th. They now have a $26.00 price target on the stock, down previously from $27.00.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.67.
Atlas Resource Partners, L.P. (NYSE: ARP) opened at 21.30 on Thursday. Atlas Resource Partners, L.P. has a 1-year low of $18.30 and a 1-year high of $27.00. The stock’s 50-day moving average is currently $21.82. The company’s market cap is $936.7 million.
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.