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NEW YORK ( TheStreet) -- Petroquest Energy (NYSE: PQ) hit a new 52-week high Friday as it traded at $9.24 compared with its previous 52-Week high of $9.24. Petroquest Energy is changing hands at $9.22 with 450,850 shares traded as of 12:26 p.m. ET. Average volume has been 874,900 shares over the past 30 days. Petroquest Energy has a market cap of $562.6 million and is part of the basic materials sector and energy industry. Shares are up 15.8% year to date as of the close of trading on Thursday. PetroQuest Energy, Inc. operates as an independent oil and gas company. It engages in the acquisition, exploration, development, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company has a P/E ratio of 13.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.