NEW YORK ( TheStreet) -- Atlas Energy (NYSE: ATLS) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading down 62 cents (-2.5%) at $24.58 as of 12:50 p.m. ET. Atlas Energy has a market cap of $1.38 billion and is part of the utilities sector and utilities industry. Shares are up 8.6% 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 31, above the average utilities industry P/E ratio of 28.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Atlas Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Atlas Energy Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.