NEW YORK (

TheStreet

) --

El Paso Corporation

(NYSE:

EP

) hit a new 52-week high Monday as it is currently trading at $27.42, above its previous 52-week high of $27.39 with 4.5 million shares traded as of 10:57 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.

El Paso has a market cap of $20.63 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 2.2% year to date as of the close of trading on Friday.

El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. The company has a P/E ratio of 669.2, above the average energy industry P/E ratio of 668.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates El Paso as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

El Paso Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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