NEW YORK ( TheStreet) -- Swift Energy Company (NYSE: SFY) hit a new 52-week high Wednesday as it traded at $44.87 compared with its previous 52-Week high of $44.60. Swift Energy is changing hands at $44.90 with 67,516 shares traded as of 9:57 a.m. ET. Average volume has been 477,000 shares over the past 30 days. Swift Energy has a market cap of $1.7 billion and is part of the basic materials sector and energy industry. Shares are up 12.1% year to date as of the close of trading on Tuesday. Swift Energy Company engages in developing, exploring, acquiring, and operating oil and natural gas properties in Louisiana and Texas. As of December 31, 2009, the company had estimated proved reserves of 112.9 million barrels of oil equivalent. The company has a P/E ratio of 30.9, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Swift Energy as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Swift Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.