NEW YORK ( TheStreet) -- EV Energy Partners (Nasdaq: EVEP) hit a new 52-week high Thursday as it traded at $46.93 compared with its previous 52-Week high of $46.25. EV Energy is changing hands at $46.70 with 82,471 shares traded as of 12:31 p.m. ET. Average volume has been 169,900 shares over the past 30 days. EV Energy has a market cap of $1.4 billion and is part of the basic materials sector and energy industry. Shares are up 17.1% year to date as of the close of trading on Wednesday. EV Energy Partners, L.P. engages in the acquisition, production, and development of oil and gas properties. The company has a P/E ratio of 13.6, above the average energy industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 21.5. TheStreet Ratings rates EV Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EV Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.