Barclays Maintains an 'Overweight' on Atlas Pipeline Partners (APL); Notes From Roadtrip With Management

Barclays maintains an 'Overweight' on Atlas Pipeline Partners, L.P. (NYSE: APL) price target of $41.00.

Analyst, Richard Gross, said, "Key takeaways were: (1) continued strong volume growth behind all systems given attractive producer netbacks even in a weak NGL price environment, (2) a strong commodity hedging program over the next 18 months that mitigates APL's cash flow downside, and (3) a healthy balance sheet with expected short-term leverage < 4.0x and < 3.5x long term."

For an analyst ratings summary and ratings history on Atlas Pipeline Partners, L.P. click here. For more ratings news on Atlas Pipeline Partners, L.P. click here.

Shares of Atlas Pipeline Partners, L.P. closed at $29.50 yesterday.

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