NEW YORK (

TheStreet

) --

Southwest Gas Corporation

(NYSE:

SWX

) hit a new 52-week high Friday as it traded at $38.21 compared with its previous 52-Week high of $38.17. Southwest Gas is changing hands at $38.21 with 48,776 shares traded as of 12:07 p.m. ET. Average volume has been 167,300 shares over the past 30 days. Southwest Gas has a market cap of $1.7 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.8% year to date as of the close of trading on Thursday.

Southwest Gas Corporation engages in the purchase, distribution, and transportation of natural gas in portions of Arizona, Nevada, and California. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Southwest Gas as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Southwest Gas Ratings Report

.

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