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NEW YORK (

TheStreet

) --

Lufkin Industries

(Nasdaq:

LUFK

) hit a new 52-week high Monday as it traded at $79.34 compared with its previous 52-Week high of $78.99. Lufkin is changing hands at $78.25 with 32,947 shares traded as of 10:01 a.m. ET. Average volume has been 312,000 shares over the past 30 days.

Lufkin has a market cap of $2.2 billion and is part of the

basic materials

sector and

energy

TheStreet Recommends

industry. Shares are up 24.5% year to date as of the close of trading on Friday.

Lufkin Industries, Inc. and its subsidiaries manufacture and sell oil field pumping units and power transmission products. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 50.8, below the average energy industry P/E ratio of 51.1 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Lufkin as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Lufkin Ratings Report

.

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