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NEW YORK ( TheStreet) -- Rosetta Resources (Nasdaq: ROSE) hit a new 52-week high Wednesday as it is currently trading at $51.74, above its previous 52-week high of $51.32 with 486,679 shares traded as of 10:17 a.m. ET. Average volume has been 818,900 shares over the past 30 days. Rosetta has a market cap of $2.5 billion and is part of the basic materials sector and energy industry. Shares are up 33% year to date as of the close of trading on Tuesday. Rosetta Resources Inc., an independent oil and gas company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas properties in the United States. The company has a P/E ratio of 105.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.