NEW YORK ( TheStreet) -- Brigham Exploration Company (Nasdaq: BEXP) hit a new 52-week high Friday as it traded at $32.99 compared with its previous 52-Week high of $32.75. Brigham is changing hands at $32.90 with 712,190 shares traded as of 11:30 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Brigham has a market cap of $3.8 billion and is part of the basic materials sector and energy industry. Shares are up 18.9% year to date as of the close of trading on Thursday. Brigham Exploration Company engages in the exploration, development, and production of onshore oil and natural gas reserves in the Rocky Mountains, the Gulf Coast, the Anadarko Basin, and west Texas. The company has a P/E ratio of 61.4, below the average energy industry P/E ratio of 62.3 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Brigham as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and premium valuation. You can view the full Brigham Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.