NEW YORK ( TheStreet) -- Talisman Energy (NYSE: TLM) hit a new 52-week high Thursday as it traded at $23.64 compared with its previous 52-Week high of $23.59. Talisman Energy is changing hands at $23.61 with 118,374 shares traded as of 9:37 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Talisman Energy has a market cap of $23.5 billion and is part of the basic materials sector and energy industry. Shares are up 5.8% year to date as of the close of trading on Wednesday.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids primarily in North America, the United Kingdom, Scandinavia, and southeast Asia. The company has a P/E ratio of 50.3, above the average energy industry P/E ratio of 29.4 and above the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Talisman Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Talisman Energy Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.