NEW YORK ( TheStreet) -- Energen Corporation (NYSE: EGN) hit a new 52-week high Wednesday as it traded at $58.84 compared with its previous 52-Week high of $58.74. Energen is changing hands at $58.81 with 25,958 shares traded as of 10:01 a.m. ET. Average volume has been 409,700 shares over the past 30 days. Energen has a market cap of $4.2 billion and is part of the utilities sector and utilities industry. Shares are up 20.9% year to date as of the close of trading on Tuesday.

Energen Corporation, an energy holding company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the continental United States. The company has a P/E ratio of 14.5, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Energen as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, expanding profit margins and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Energen Ratings Report.

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