NEW YORK ( TheStreet) -- Whiting Petroleum Corporation (NYSE: WLL) hit a new 52-week high Tuesday as it traded at $129.74 compared with its previous 52-Week high of $129.53. Whiting is changing hands at $129.45 with 136,440 shares traded as of 10:02 a.m. ET. Average volume has been 803,600 shares over the past 30 days. Whiting has a market cap of $7.3 billion and is part of the basic materials sector and energy industry. Shares are up 5.9% year to date as of the close of trading on Friday. Whiting Petroleum Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. The company has a P/E ratio of 32.7, below the average energy industry P/E ratio of 35.6 and above the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates Whiting as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Whiting Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.