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NEW YORK ( TheStreet) -- Atlas Energy (NYSE: ATLS) hit a new 52-week high Tuesday as it is currently trading at $39.28, above its previous 52-week high of $39.10 with 38,667 shares traded as of 10:30 a.m. ET. Average volume has been 407,800 shares over the past 30 days. Atlas Energy has a market cap of $1.98 billion and is part of the utilities sector and utilities industry. Shares are up 72.5% year to date as of the close of trading on Monday. 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 43.8, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.