NEW YORK ( TheStreet) -- Atlas Energy (NYSE: ATLS) hit a new 52-week high Thursday as it is currently trading at $35.47, above its previous 52-week high of $35.40 with 171,306 shares traded as of 3:19 p.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 57.2% year to date as of the close of trading on Wednesday.

Atlas Energy, L.P. engages in the development and production of natural gas and oil in the Appalachian basin, Illinois basin, and the Rocky Mountain region of the United States. The company has a P/E ratio of 39.4, 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 buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Atlas Energy Ratings Report.

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