NEW YORK ( TheStreet) -- Legacy Reserves (Nasdaq: LGCY) hit a new 52-week high Thursday as it traded at $30.86 compared with its previous 52-Week high of $30.66. Legacy Reserves is changing hands at $30.86 with 15,986 shares traded as of 9:36 a.m. ET. Average volume has been 158,300 shares over the past 30 days. Legacy Reserves has a market cap of $1.2 billion and is part of the basic materials sector and energy industry. Shares are up 5.5% year to date as of the close of trading on Wednesday. Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties, primarily located in the Permian Basin, Mid-continent, and Rocky Mountain regions of the United States. TheStreet Ratings rates Legacy Reserves as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Legacy Reserves Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.