NEW YORK (

TheStreet

) --

Plains All American Pipeline

(NYSE:

PAA

) hit a new 52-week high Monday as it is currently trading at $82.56, above its previous 52-week high of $82.39 with 143,097 shares traded as of 11:40 a.m. ET. Average volume has been 655,900 shares over the past 30 days.

Plains All American Pipeline has a market cap of $11.29 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 12% year to date as of the close of trading on Friday.

Plains All American Pipeline, L.P. engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products (LPG) in the United States and Canada. The company has a P/E ratio of 15.5, below the average energy industry P/E ratio of 18.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Plains All American Pipeline as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, robust revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Plains All American Pipeline Ratings Report

.

See all

52-week high stocks

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