Atlas Energy (ATLS) Announces Quarterly Results
Atlas Energy (NASDAQ:ATLS) posted its quarterly earnings results on Thursday. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.93, Analyst Ratings Net reports. The company had revenue of $761.63 million for the quarter, compared to the consensus estimate of $774.65 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was up 73.5% on a year-over-year basis.
Shares of Atlas Energy (NASDAQ:ATLS) traded down 2.12% on Thursday, hitting $41.04. The stock had a trading volume of 217,825 shares. Atlas Energy has a one year low of $40.52 and a one year high of $55.89. The stock’s 50-day moving average is $45.51 and its 200-day moving average is $47.78. The company’s market cap is $2.110 billion.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Atlas Energy from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $50.10 price target on the stock. On the ratings front, analysts at Robert W. Baird upgraded shares of Atlas Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th. They now have a $59.00 price target on the stock, up previously from $51.00.
Atlas Energy, Inc, formerly Atlas America, Inc, is an independent developer and producer of natural gas and oil, with operations in the Appalachian Basin, the Michigan Basin and the Illinois Basin.
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