Atlas Energy Resources, LLC (NYSE:ATN.DL)

CAPS Rating: No stars

Atlas Energy Resources develops and produces natural gas and oil in the Appalachian Basin."


Player Avatar tthwebster (22.82) Submitted: 4/5/2009 12:44:45 PM : Outperform Start Price: $14.20 ATN.DL Score: +8.02

Four Zacks analysts rate a "Strong Buy". Good dividend at this point makes ATN particularly attractive. Energy coming into play in my estimation makes for a sector bet. Stock scouter is six (yeah yeah whatever). Announced 4/1/09 acceleration of the Marcellus Shale expansion project. Currently 34% institutionally held although no significant insider purchases recently. Revenue increasing approximately 50% each of last two years. P/E at 6 and debt/equity is less than 1. Not surprisingly ATN debt increased modestly over last couple of quarters to bring the LT debt to nearly 1B. Overall, I believe this a safe bet to outperform by fall of '09 through spring '10.

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