Atlas Energy Resources, LLC (NYSE:ATN.DL)
CAPS Rating:
Atlas Energy Resources develops and produces natural gas and oil in the Appalachian Basin."
Atlas Energy Resources develops and produces natural gas and oil in the Appalachian Basin."
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Recs
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.