Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Wunderlich Securities Sees 4Q Miss Due To Operational Issues And Weak Realizations For Atlas Resource Partners


In a report published Tuesday, Wunderlich Securities analyst Abhishek Sinha reiterated a Hold rating and $11.50 price target on Atlas Resource Partners, L.P. (NYSE: ARP).

In the report, Wunderlich Securities noted, "Atlas Resource Partners (ARP) reported 4Q14 EBITDA of $87mm and DCF of $47mm, lagging our and consensus estimates. The company recently cut its distributions by 45% to shore up its capital and regain its coverage strength in light of the flagging commodity market. ARP expects 7% production growth in 2015 with a revised down capex guidance of $172mm (from $200mm). The company was able to raise $167mm from its private partnership business in 2014 (vs. $225 guidance) and now expects to raise $150mm in 2015, which is also revised down from an earlier estimated $275mm. ARP has yet to prove its operational and financial rigor, and its shares should continue to trade at a discount to peers until its financial metrics improve. Our rating remains Hold."

Atlas Resource Partners closed on Monday at $9.82.

Latest Ratings for ARP

Mar 2016DowngradesNeutralSell
Feb 2016DowngradesHoldSell
Feb 2016DowngradesMarket PerformUnderperform

View More Analyst Ratings for ARP
View the Latest Analyst Ratings

Posted-In: Abhishek Sinha Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings


Related Articles (ARP)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

EUR/USD Steady

Barclays Initiates Monsanto With Equal-weight