NEW YORK (

TheStreet

) --

SM Energy

(NYSE:

SM

) hit a new 52-week high Friday as it traded at $70 compared with its previous 52-Week high of $68.16. SM Energy is changing hands at $68.91 with 38,725 shares traded as of 9:32 a.m. ET. Average volume has been 824,500 shares over the past 30 days.

SM Energy has a market cap of $4.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 14.8% year to date as of the close of trading on Thursday.

SM Energy Company, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in North America. The company has a P/E ratio of 26.9, above the average energy industry P/E ratio of 26.7 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates SM Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

SM Energy Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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