October 23, 2013 9:28 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Wednesday, Wunderlich Securities analyst Abhishek Sinha initiated coverage on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: ARP) with a Hold rating and $22.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Atlas Resource Partners, L.P. (ARP) with a Hold rating and a $22 price target. ARP is an oil & gas upstream MLP formed in Oct. 2011 with headquarters in Pittsburgh, PA. The partnership, which became public in March 2012, has properties located in the Barnett, Marble Falls, Mississippian, Utica, and the Marcellus. The company is heavily gas levered with 86% gas production and it has above-average leverage with pro forma debt/EBITDA of 5.2x. Based on our estimates, the company also has a weaker prospective coverage ratio of 0.8x in 2013 and 0.7x in 2014, which skews risks to the downside in the near term. In our opinion, ARP has limited upside in the near term until we get clear visibility toward its debt metrics and coverage ratio improvement.”Atlas Resource Partners LP closed on Tuesday at $20.19.
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