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NEW YORK ( TheStreet) -- SM Energy (NYSE: SM) hit a new 52-week high Monday as it traded at $74.59 compared with its previous 52-Week high of $74.57. SM Energy is changing hands at $74.53 with 1.2 million shares traded as of 12:16 p.m. ET. Average volume has been 804,200 shares over the past 30 days. SM Energy has a market cap of $4.6 billion and is part of the basic materials sector and energy industry. Shares are up 22.6% year to date as of the close of trading on Friday. SM Energy Company, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in North America. The company has a P/E ratio of 24, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 15.8.