NEW YORK ( TheStreet) -- Cimarex Energy Company (NYSE: XEC) hit a new 52-week high Wednesday as it traded at $106.52 compared with its previous 52-Week high of $106.10. Cimarex Energy is changing hands at $106.43 with 60,996 shares traded as of 9:36 a.m. ET. Average volume has been 737,000 shares over the past 30 days. Cimarex Energy has a market cap of $8.7 billion and is part of the basic materials sector and energy industry. Shares are up 19.5% year to date as of the close of trading on Tuesday. Cimarex Energy Co. operates as an oil and gas exploration and production company. The company has a P/E ratio of 15.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Cimarex Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income 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 Cimarex Energy Ratings Report.