Revenue Update on Atlas Energy Group LLC(NYSE:ATLS)

Atlas Energy Group LLC(NYSE:ATLS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $-13.80M. Analysts estimated a revenue of $90.00M. Earnings per share were $-1.39.

Atlas Energy Group LLC (ATLS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.45% or 0.00135 points. Due to strong positive momentum, the stock ended at $0.30145, which is also near the day’s high of $0.3099. The stock began the session at $0.295 and the volume stood at 23,247 shares. The 52-week high of the shares is $3.59 and the 52 week low is $0.102. The company has a current market capitalization of $7.8 M and it has 2,60,37,992 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Leon G Cooperman (10% owner) sold 953,639 shares at $0.50 per share price.Also, On Aug 24, 2015, Freddie M Kotek (Senior Vice President) purchased 100,000 shares at $0.00 per share price.

Atlas Energy Group L.L.C. is a master limited partnership (MLP) which owns all of the general partner interest incentive distribution rights and an approximate 28% limited partner interest in its upstream oil and gas subsidiary Atlas Resource Partners L.P. In addition Atlas Energy Group also owns general partner interests incentive distribution rights and limited partner interests in its private E&P development subsidiary and in Lightfoot Capital Partners which is an entity that invests directly in energy-related businesses and assets. Atlas Energy owns assets and investment interests in Atlas Resource Partners L.P. (ARP) Lightfoot Capital Partners and E&P development subsidiary.

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