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NEW YORK (

TheStreet

) --

Nexen

(NYSE:

NXY

) hit a new 52-week high Monday as it traded at $26.98 compared with its previous 52-Week high of $26.92. Nexen is changing hands at $26.79 with 2.1 million shares traded as of 2:06 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Nexen has a market cap of $13.5 billion and is part of the

basic materials

sector and

energy

TheStreet Recommends

industry. Shares are up 15.1% year to date as of the close of trading on Friday.

Nexen Inc. operates as an independent energy company worldwide. The company operates through three segments: Oil and Gas, Energy Marketing, and Chemicals. The Oil and Gas segment explores for, develops, and produces crude oil, natural gas, and related products. The company has a P/E ratio of 23.9, above the average energy industry P/E ratio of 23.7 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Nexen as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full

Nexen Ratings Report

.

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