ATP Oil & Gas Stock Falls On Unusually High Volume (ATPG) - TheStreet

NEW YORK (

TheStreet

) --

ATP Oil & Gas

(Nasdaq:

ATPG

) is trading at unusually high volume Tuesday with 5.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.58 (-17.9%) at $7.23 as of 3:06 p.m. ET.

ATP Oil & Gas has a market cap of $550.6 million and is part of the

basic materials

sector and

energy

industry. Shares are down 47.4% year to date as of the close of trading on Monday.

ATP Oil & Gas Corporation engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and the Dutch sectors of the North Sea.

TheStreet Ratings rates ATP Oil & Gas as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

ATP Oil & Gas Ratings Report

.

See all heavy volume stocks in our

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.

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