NEW YORK ( TheStreet) -- Imperial Oil (AMEX: IMO) hit a new 52-week high Wednesday as it traded at $47.14 compared with its previous 52-Week high of $47.10. Imperial Oil is changing hands at $47.14 with 97,747 shares traded as of 11:45 a.m. ET. Average volume has been 314,900 shares over the past 30 days. Imperial Oil has a market cap of $39.3 billion and is part of the basic materials sector and energy industry. Shares are up 16.1% year to date as of the close of trading on Tuesday. Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The company has a P/E ratio of 17.9, below the average energy industry P/E ratio of 21 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. 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 Imperial Oil Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.