NEW YORK (

TheStreet

) --

Plains Exploration & Production Company

(NYSE:

PXP

) hit a new 52-week high Friday as it is currently trading at $46.20, above its previous 52-week high of $46.10 with 757,169 shares traded as of 12:15 p.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Plains Exploration & Production has a market cap of $5.25 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 23.9% year to date as of the close of trading on Thursday.

Plains Exploration & Production Company, an independent oil and gas company, primarily engages in acquiring, developing, exploring, and producing oil and gas in California and Louisiana. The company has a P/E ratio of 72.6, above the average energy industry P/E ratio of 62.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Plains Exploration & Production as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full

Plains Exploration & Production Ratings Report

.

See all

52-week high stocks

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