NEW YORK (

TheStreet

) --

Noble Energy

(NYSE:

NBL

) hit a new 52-week high Wednesday as it traded at $98.22 compared with its previous 52-Week high of $98.09. Noble Energy is changing hands at $98.22 with 13,510 shares traded as of 9:32 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Noble Energy has a market cap of $17 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 13.5% year to date as of the close of trading on Tuesday.

Noble Energy, Inc., through its subsidiaries, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. The company has a P/E ratio of 23.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

  • Practice your NBL trading strategies and win cash in our stock game.

TheStreet Ratings rates Noble Energy 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 expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Noble Energy Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null