NEW YORK ( TheStreet) -- Hugoton Royalty (NYSE: HGT) hit a new 52-week high Friday as it traded at $23.95 compared with its previous 52-Week high of $23.60. Hugoton Royalty is changing hands at $23.90 with 70,729 shares traded as of 11:36 a.m. ET. Average volume has been 168,900 shares over the past 30 days.

Hugoton Royalty has a market cap of $935.6 million and is part of the basic materials sector and energy industry. Shares are up 13.1% year to date as of the close of trading on Thursday.

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 15.1, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.
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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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Hugoton Royalty Ratings Report.

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