NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $32 as of 1:30 p.m. ET, 20.2% above Thursday's closing price of $26.62. Volume is at 1.3 million, 3.2 times the daily average of 405,600.
Atlas Energy has a market cap of $1.3 billion and is part of the
industry. Shares are up 9.5% year to date as of the close of trading on Thursday.
Atlas Energy, L.P., a midstream energy service company, engages in the gathering and processing of natural gas in the Mid-Continent and Appalachia regions. The company has a P/E ratio of 29.8, above the average utilities industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Atlas Energy as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally poor debt management. You can view the full
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