NEW YORK (

TheStreet

) --

El Paso Corporation

(NYSE:

EP

) hit a new 52-week high Thursday as it is currently trading at $25.70, above its previous 52-week high of $25.67 with 23,887 shares traded as of 9:30 a.m. ET. Average volume has been 13.9 million shares over the past 30 days.

El Paso has a market cap of $19.7 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 85.3% year to date as of the close of trading on Wednesday.

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 36.5, above the average energy industry P/E ratio of 36 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 growth in earnings per share, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

El Paso Ratings Report

.

See all

52-week high stocks

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.

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