NEW YORK (
Brigham Exploration Company
) hit a new 52-week high Wednesday as it traded at $37.26 compared with its previous 52-Week high of $37.10. Brigham is changing hands at $37.08 with 320,548 shares traded as of 10:01 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.
Brigham has a market cap of $4.2 billion and is part of the
industry. Shares are up 32.8% year to date as of the close of trading on Tuesday.
Brigham Exploration Company engages in the exploration, development, and production of onshore oil and natural gas reserves in the Rocky Mountains, the Gulf Coast, the Anadarko Basin, and west Texas. The company has a P/E ratio of 95, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Brigham 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, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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