NEW YORK (

TheStreet

) --

BP

(NYSE:

BP

) hit a new 52-week high Friday as it is currently trading at $47.78, above its previous 52-week high of $47.45 with 1.9 million shares traded as of 9:50 a.m. ET. Average volume has been 5.3 million shares over the past 30 days.

BP has a market cap of $147.56 billion and is part of the basic materials sector and energy industry. Shares are up 13.7% year to date as of the close of trading on Thursday.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates

BP

TheStreet Recommends

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

BP Ratings Report

.

See all

52-week high stocks

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