NEW YORK ( TheStreet) -- Hugoton Royalty (NYSE: HGT) hit a new 52-week high Thursday as it traded at $22.34 compared with its previous 52-Week high of $22.13. Hugoton Royalty is changing hands at $22.24 with 105,080 shares traded as of 11:07 a.m. ET. Average volume has been 160,300 shares over the past 30 days.

Hugoton Royalty has a market cap of $846.4 million and is part of the basic materials sector and energy industry. Shares are up 5.4% year to date as of the close of trading on Wednesday.

Hugoton Royalty Trust operates as an express trust in the United States. It holds a 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. XTO Energy Inc. The company has a P/E ratio of 13.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 15.9.

TheStreet Ratings rates Hugoton Royalty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. 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 Hugoton Royalty Ratings Report.

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