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NEW YORK ( TheStreet) -- Atlas Energy (NYSE: ATLS) hit a new 52-week high Thursday as it is currently trading at $27.98, above its previous 52-week high of $27.86 with 35,112 shares traded as of 9:55 a.m. ET. Average volume has been 405,600 shares over the past 30 days. Atlas Energy has a market cap of $1.3 billion and is part of the utilities sector and utilities industry. Shares are up 13.9% year to date as of the close of trading on Wednesday. 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 31.3, above the average utilities industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7.