NEW YORK ( TheStreet) -- ATP Oil & Gas Corporation (Nasdaq: ATPG) hit a new 52-week low Friday as it is currently trading at $9.74, below its previous 52-week low of $9.97 with 526,429 shares traded as of 10:03 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. ATP Oil & Gas has a market cap of $660.1 million and is part of the basic materials sector and energy industry. Shares are down 35% year to date as of the close of trading on Thursday. 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.
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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 and feeble growth in its earnings per share. You can view the full ATP Oil & Gas Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.